Vanadi Coffee Shifts Focus to Bitcoin, Secures Shareholder Approval for New Treasury Strategy
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- Vanadi Coffee shifts focus to Bitcoin, aiming to be Spain’s top listed BTC holder.
- Shareholders approve new treasury strategy, with 54 BTC now under Bit2Me custody.
- Move positions Vanadi Coffee as a rare Bitcoin proxy for institutional investors in Spain.
Vanadi Coffee S.A. is moving forward with a huge strategic shift, aiming to become the largest publicly listed Bitcoin holder in Spain. The company’s shareholders have approved a plan that marks a clear departure from its previous business focus, adopting Bitcoin as its main treasury asset and outlining new pathways for investment and growth. The decision was formalized during a recent shareholders’ meeting, where the Board of Directors received authorization to execute the Bitcoin accumulation strategy and seek the required financing for the transition.
In an official communication sent to BME—Growth on June 29, Vanadi Coffee detailed its new treasury management strategy. The announcement confirmed the acquisition of twenty additional Bitcoins at an average price of €93,444 each. Bit2Me, a recognized digital asset service provider, has custody of these assets.
This purchase brings Vanadi Coffee’s total Bitcoin holdings to fifty-four, as reported in the company’s filing. The communication adhered strictly to regulatory standards, referencing compliance with article 17 of Regulation (EU) No 596/2014 and article 227 of Law 6/2023, among others.
Corporate Restructuring and Institutional Focus
The shift in corporate strategy is intended to mirror similar approaches adopted by global firms such as MicroStrategy and Metaplanet. Vanadi Coffee plans to use Bitcoin as a strategic store of value, transforming its business model to focus on the accumulation and management of digital assets. The company highlighted the potential for institutional investors to gain indirect exposure to Bitcoin through a regulated, listed entity, an offering that remains scarce in Spain and the broader European market.
The same shareholders’ meeting approved the company’s annual accounts and management report for the fiscal year ending December 31. Shareholders also granted the Board authority to carry out future capital increases as part of its new mandate.
Vanadi Coffee’s official communications emphasized compliance with all relevant securities market regulations and underscored its commitment to transparency throughout the restructuring process. The new strategy positions Vanadi Coffee at the forefront of Bitcoin adoption among publicly traded firms in Spain, with all decisions documented through regulated market channels.
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