Vanadi Coffee SA
VANA🇪🇸Leveraged
Vanadi Coffee SA is a Spanish coffee chain listed on BME Growth that has pivoted to a Bitcoin treasury company model. Acquires BTC through proceeds from mandatory convertible obligation facilities that convert to equity upon drawdown.
BTC Holdings
213 BTC
180d
Stock Price
€0.05
180d
Total financing
8.00M EUR
180d
mNAV
0.61x
180d
Leverage
57.5%
180d
BTC Credit
38 bps1.7x
Sats/Share
126
180d
Mkt cap
8.45M EUR
Shares
169.06M
Total reserve
13.91M EUR
Dilution
0.0%
Analytics
BTC Coverage
Financials
IFRSSemi-AnnualAs of 2025-06-30
Balance Sheet
Total Assets€7.9M
Total Liabilities€4.2M
Stockholders' Equity€3.7M
Cash & Equivalents€703.8K
Total Debt€2.1M
Digital Assets€5M
Income Statement
Revenue€934.4K
Operating Income€-1.1M
Net Income€-1.1M
Interest Expense€8.4K
Cash Flow
Operating Cash Flow€-781.1K
Instruments
Total
0.00 EUR
| Instrument | Term | Coupon | Principal | Outstanding | Conv. price | BTC Rating |
|---|---|---|---|---|---|---|
| Total | 0.00 EUR | |||||
Top Shareholders
| Holder | % Ownership | Shares | As of | Source |
|---|---|---|---|---|
| Patblasc Software Consulting, S.L. | 17.0% | — | 2026-04-21 | Otra Información Relevant… |
| Alpha Blue Ocean | 7.4% | — | 2026-04-21 | Otra Información Relevant… |
| Vallecid, S.L. | 6.0% | — | 2026-04-21 | Otra Información Relevant… |
- Otra Información Relevant…Patblasc Software Consulting, S.L.17.0%2026-04-21
- Otra Información Relevant…Alpha Blue Ocean7.4%2026-04-21
- Otra Información Relevant…Vallecid, S.L.6.0%2026-04-21
Recent Changes
Tue, Apr 14, 2026
Shares Outstanding
149.1M→169.1M+20.0M(+13.4%)
+20,000,000 shares from Patblasc conversion of 600 Sep 2025 bonds at €0.03/share
Otra Información Relevante (Patblasc convertible bond conversion, 600 bonds at €0.03/share)Thu, Mar 26, 2026
Shares Outstanding
136.6M→149.1M+12.5M(+9.2%)
500 bonds converted by GCFO 21 at 0.04 EUR/share
Convertible bond conversions (Mar 24 & Mar 26, 2026)Wed, Mar 25, 2026
Debt OutstandingIssuanceVANA-Tkn26
8.0M
Up to €8M authorized via DLT/blockchain
Emisión de deuda tokenizada (up to €8M)Tue, Mar 24, 2026
BTC Holdings
209→213+4 BTC(+1.9%)
BME Growth filing (BTC acquisition, 213 BTC)
Shares Outstanding
127.8M→136.6M+8.8M(+6.8%)
350 bonds converted by Patblasc at 0.04 EUR/share
Convertible bond conversions (Mar 24 & Mar 26, 2026)Fri, Mar 20, 2026
Shares Outstanding
102.8M→127.8M+25.0M(+24.3%)
After multiple convertible bond conversions (Feb-Mar 2026)
BME Growth Company PageFri, Mar 6, 2026
BTC Holdings
205→209+4 BTC(+2.0%)
BTC Holdings Tracker
Thu, Feb 26, 2026
BTC Holdings
200→205+5 BTC(+2.5%)
BTC Holdings Tracker
Tue, Feb 24, 2026
Shares Outstanding
67.9M→102.8M+34.9M(+51.3%)
Participaciones Significativas & Capital Increase Filings
Sat, Feb 14, 2026
BTC Holdings
193→200+7 BTC(+3.6%)
BTC Holdings Tracker
Thu, Feb 5, 2026
BTC Holdings
183→193+10 BTC(+5.5%)
BTC Holdings Tracker
Thu, Jan 8, 2026
BTC Holdings
173→183+10 BTC(+5.8%)
BTC Holdings Tracker
Tue, Jan 6, 2026
BTC Holdings
161→173+12 BTC(+7.5%)
BTC Holdings Tracker
Wed, Dec 31, 2025
Shares Outstanding
39.2M→67.9M+28.7M(+73.1%)
BME Growth Company Page
Mon, Dec 22, 2025
BTC Holdings
129→161+32 BTC(+24.8%)
BTC Holdings Tracker