Vanadi Coffee has received shareholder approval to embark on an ambitious strategy, investing up to €1 billion in Bitcoin, making it a pioneer among publicly listed companies in Spain. Recently, the company increased its Bitcoin holdings to 54 BTC after purchasing 20 additional coins for an average of €93,444 each. The total value of these holdings is approximately €5.8 million, bolstering their financial strategy. This initiative has significantly impacted the company's stock performance, with shares tripling since the announcement, emphasizing the positive market response to this shift.
Vanadi Coffee, following its new treasury management strategy, has proceeded with the acquisition of twenty (20) Bitcoins at an average purchase price of ninety-three thousand four hundred and forty-four euros (€93,444).
The digital assets are being securely held by Bit2Me, a leading Spain-based cryptocurrency custody and exchange platform.
Based on current market prices, Vanadi's Bitcoin reserve is now valued at approximately €5.8 million, marking a significant step toward its goal of becoming Spain's top publicly listed Bitcoin-holding company.
Shares of Vanadi, which trades on BME Growth - Spain's stock exchange designed for small- and medium-sized enterprises - have more than tripled over the past 30 days since the announcement was first made public.
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