While Strategy has passed the 580,000 BTC mark, other companies follow the plunge. Thus, more and more companies announce their desire to diversify their cash flow by acquiring bitcoins. The latest case, the Spanish Café Vanadi company. An announcement that has raised many questions.
- Vanadi, a chain of Spanish coffees, aroused astonishment by announcing that he wanted to invest $ 1 billion in Bitcoin despite his significant financial losses.
- Doubts have emerged as to the feasibility of this project, since the company has undergone a loss of 98 % of its market value since its introduction.
Vanadi wants to invest $ 1 billion in Bitcoin
You’ve probably seen this information through social networks and in many media pass through. Business Vanadia Spanish coffee chain has announced his desire to buy bitcoin.
Salvador Martí, one of the members of the company’s board of directors, proposed to the Council to implement a BTC purchasing strategy. The objective being ultimately ofAccumulate for the equivalent of $ 1.1 billion BTC.
« I ask the board of directors for the authorization to implement the Bitcoin accumulation strategy with a maximum of 1 billion euros ($ 1.1 billion) and carte blanche to negotiate one or more convertible financing lines in order to finance the implementation of the strategy. »»
Real conviction or com ‘?
However, this announcement has caused many questions. Indeed, many Internet users have pointed out the sensational character of the announcement.
The Internet user Joe Nakamotofollowed by 45,000 people on X, for example was very critical about this ad.
“Here is what to read: a chain of Spanish coffees with 5 branches and 3.7 million euros in losses wants to buy for 1 billion euros in bitcoins. »»
Indeed, when we look at the course of the company’s action, I enter the stock market in 2023, it is not very brilliant. The action has thus lost 98 % of its value since its introductionfrom 25 € to 0.33 €.
At the end of its annual financial year at December 31, 2024, the company was state near 3.4 million euros in losses. In other words, a company that is not the most flourishing.
So where will she find the funds to invest 1 billion euros in BTC? According to some observers, it may well try a master stroke. Thus, she hopes that the announcement effect will propel the course of her action, as has been the case with many companies that have made similar announcements. She then wishes to take advantage of this increase to raise funds in order to why not invest in Bitcoin.
She could draw in her cash flow you say! But once again, the figures do not agree! Still according to its end 2024 review, the company made State of approximately € 24,688 of cash flownot enough to invest up to his ambitions in BTC.
Especially since the proposal of Salvador Martí has not yet been accepted by the board of directors.
A fine example of the Bitcoin recovery attempt. In the same way as many companies have tried to surf the Buzz-Word « Blockchain » a few years ago, the new trend seems to be at BTC cash.
Thus, it would seem that Vanadi is far from being able to follow the example of companies such as Strategy or Metaplanet, who are indeed investing in BTC. In other words: circulate, there is nothing to see.