Publicly Traded Spanish Coffee Giant Vanadi Plans To Buy $1.1 Billion In Bitcoin | Questions of Credibility Abound
Vanadi, a Spanish coffee company with a modest market cap, is creating waves with plans to acquire $1.1 billion worth of Bitcoin for its reserves. This bold announcement has led to skepticism and surprise in both coffee and crypto circles. Why would a relatively lesser-known company make such a large commitment?
The Pulse of Public Reaction
While Vanadi's intentions appear ambitious, feedback from the community is largely negative. Many are questioning not only the viability of the coffee giant but also the timing and legitimacy of the announcement.
"A company with a $4.2 million market cap and $3.7 million loss in 2024 will buy 1 billion in Bitcoin!" A sentiment echoed by others wondering how a small shop can lead in such an enormous investment.
"This coffee shop 'GIANT' has six locals in Alicante. Watch out Starbucks." This comment highlights the disbelief over the term "giant" being associated with Vanadi, given its limited presence.
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