As part of its strategy to accumulate bitcoin (BTC), the Spanish coffee chain Vanadi announced today that it added 5 units of the digital currency to its treasury, valued at an average price of 91,595 euros (EUR).
This movement takes place amid the price decline experienced by bitcoin, after reaching a new all-time high near $126,000 a little over a week ago.
With the addition of 5 BTC, Vanadi owns now a total reserve of 105 BTCwhich is currently equivalent to 10 million euros or 11.6 million US dollars (USD).
This holding consolidates Vanadi as the fifth company of Hispanic origin known with the most bitcoin, after OranjeBTC (3,675 BTC), Bitfarms (1,166 BTC), Méliuz (605 BTC) and Mercado Libre (570 BTC). Right after, as CriptoNoticias reported, Murano Global follows with 21 BTC.
Given the new acquisition, Vanadi climbs one place in the world ranking of listed companies that have the most bitcoinmoving from 102nd to 101st place, according to the research firm BitcoinTreasuries.
Vanadi’s bitcoins are guarded by the Spanish company Bit2Me, best known for its cryptocurrency exchange.