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Vanadi coffeeA small cafe chain with only six stores in Spain, is planning To invest up to billion euros (about $ 1.17 billion) in Bitcoin
Btc
107.714,84
.
This decision comes after the wanada coffee Recorded € 3.9 million last year. Although the revenue has grown, the job is still losing money and is at its disposal very limited money.
These details come from sawdust About BME growing, Spanish stock market for smaller companies.
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The company wants to make Bitcoin the main property in its treasury. Submission of the Spanish Language Application has written that Vanadi Coffee is hoped that this change will help reshape its business strategy.
Vanadi coffee bought another 20 Bitcoin In June, and by the end of the month held a total of 54 bitcoin. This assets are kept with Bit2me, a local crypto platform registered at the Central Bank of Spain.
In addition, the Vanadi Coffee board can Issue Cabriolet Duga and New StocksA strategy similar to the one used by Michael Saylor.
A new plan gives the board a possibility Increase the company’s capital for up to 50%. It also allows them to skip by offering some of the new shares to existing shareholders, which means that current investors could reduce their ownership.
In addition, up to 5% of the funds raised may be awarded fees for intermediaries, including board members.
In the meantime, a smarter web company has provided $ 56.6 million in new funding after buying a large amount of bitcoin. What serves financing? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
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