PANews reported on June 4 that according to BeInCrypto, Spanish coffee chain Vanadi Coffee SA plans to invest more than $1.1 billion in Bitcoin, following MicroStrategy's example and fully shifting the company's strategic focus to Bitcoin. Chairman Salvador Martí is expected to request authorization to implement the Bitcoin reserve strategy and obtain financing authority at the next board meeting on June 29. The company has completed its first purchase, spending $500,000 to purchase 5 BTC. The strategy aims to reverse the company's loss of $3.7 million in 2024.