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Vanadi Coffee Increases Bitcoin Holdings to 173 BTC, Ranks 91st in Corporate Holdings
Source: CryptoBriefing Original Title: Vanadi Coffee boosts Bitcoin holdings to 173 BTC Original Link:
Overview
Vanadi Coffee, a Spanish public coffee chain, has purchased an additional 12 Bitcoin, bringing its total holdings to 173 BTC worth approximately $16 million.
Key Details
The acquisition places Vanadi Coffee at 91st on the Bitcoin 100 Ranking, which tracks corporate Bitcoin holdings among public companies.
Vanadi has implemented a Bitcoin treasury strategy since May of the previous year, regularly acquiring the digital asset as part of its corporate reserves. The company is the largest publicly listed Bitcoin holder in Spain.
Significance
This move reflects the growing trend of corporations integrating Bitcoin into their treasury strategies as a store of value and part of their long-term asset allocation.