Recent news indicates that Spanish coffee chain Vanadi Coffee plans significant investments in Bitcoin, following the example of other major companies.
Investment Plans of Vanadi Coffee
Vanadi Coffee has announced its intention to invest up to 1 billion euros (approximately $1.1 billion) in Bitcoin. This decision comes amid growing interest from institutional investors in the cryptocurrency.
Bitcoin Accumulation Strategy
Chairman of Vanadi Coffee, Salvador Martí, expressed the intent to follow MicroStrategy's strategy by proposing to the board of directors to issue convertible bonds to establish a Bitcoin reserve fund. These plans will be discussed at the upcoming board meeting on June 29.
Trends in the Bitcoin Market
Recently, many companies, such as GameStop, have been actively investing in Bitcoin. GameStop announced the purchase of 4,710 Bitcoin at the end of May, highlighting the increasing interest in cryptocurrencies among major market players.
Vanadi Coffee's investment in Bitcoin reflects a growing corporate interest in this cryptocurrency, which may impact the further development of the market.
