Vanadi Coffee stock surges 242% in a month, shareholders approve plan to establish $1.1b Bitcoin treasury

Key Points

1. Vanadi Coffee's stock skyrocketed more than triple its release after shareholders approved the company's strategy to acquire more Bitcoin.

2. The company currently holds 54 BTC, valued at over $5.8 million, after adding 20 BTC ($2.16 million) recently.

3. The stock rally began after the company started accumulating more BTC in June, with a rise of up to 242.96% following mass Bitcoin acquisitions.

4. Vanadi Coffee adopted Bitcoin as a strategic store of value in its new business model, inspired by overseas companies with similar treasury strategies.

5. Other European companies, such as Norway’s Green Minerals and the U.K.’s Smarter Web Company, have also accelerated efforts to raise capital for Bitcoin purchases.