Spanish Coffee Giant Bets Big on Bitcoin: €1B Treasury Move Shakes Crypto Markets
Another corporate whale dives headfirst into crypto—this time with a caffeine kick.
Spain's largest coffee chain just approved a nine-figure Bitcoin treasury strategy, joining the ranks of MicroStrategy and Tesla. The €1 billion allocation signals growing institutional confidence in crypto as a reserve asset—or perhaps just FOMO disguised as fiscal prudence.
The beans behind the buy
While traditional investors still clutch their spreadsheets, the franchise is swapping espresso profits for Satoshis. The move comes as Bitcoin consolidates above key support levels, with analysts calling it either visionary or recklessly trendy.
Wall Street meets cafe con leche
Corporate treasuries chasing yield now face an existential question: bonds or blockchain? This playbook—pioneered by tech firms—now infects Main Street businesses. Because nothing hedges inflation like volatile digital assets, right?
The announcement dropped alongside suspiciously perfect timing—just before quarterly earnings. Nothing boosts stock sentiment like crypto speculation these days. Cynics whisper this is less about monetary policy and more about marketing to crypto-bros who double-spend on cold brew and cold wallets.
