TechFlow, June 4 — According to BeInCrypto, Spanish coffee chain Vanadi Coffee SA plans to invest over $1.1 billion to purchase bitcoin, following in the footsteps of MicroStrategy by shifting its corporate strategy entirely toward bitcoin. Chairman Salvador Martí is expected to request authorization at the next board meeting on June 29 to implement a bitcoin reserve strategy and secure financing authority. The company has already completed its first purchase, acquiring 5 BTC for $500,000. This strategy aims to reverse the company's $3.7 million loss in 2024.
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