Spanish coffee brand Vanadi plans to raise a $1.1 billion BTC reserve fund

ChainCatcher news, according to BeInCrypto, the Spanish coffee brand Vanadi Coffee is investing $1.1 billion to establish a BTC reserve fund. Vanadi plans to transition from a coffee business to a BTC business in the future. Salvador Martí, chairman of the board of Vanadi Coffee, stated, "We will ask the board to issue convertible bonds to create the BTC reserve fund." This strategy aims to reverse the company's projected loss of $3.7 million in 2024.