Vanadi Coffee, a Spanish chain, is exploring an investment of 1 billion euros in Bitcoin to recover financially. This ambitious move aims to transform the company’s prospects as it faces declining market value, having lost almost 99% since its stock market entry.
The coffee chain might issue bonds to secure the necessary funds for its Bitcoin venture. Having already acquired 5 BTC, local investors have expressed interest, but a shareholder vote on this significant shift is scheduled for June 29.
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