Investor seeks board overhaul after Vanadi’s bitcoin losses
Vallecid, which owns nearly 10% of Vanadi Coffee, filed in early July 2026 to replace the board and probe directors’ financing fees up to 5% after the stock fell 97%.
Vallecid, a Canarian conglomerate that holds nearly 10% of Vanadi Coffee, filed a petition in early July 2026 seeking the renewal of the company’s board of directors and a review of fees paid to directors tied to bitcoin financing transactions.
The petition requests an “examination, detailed clarification, and specific rendering of accounts by the Board of Directors regarding all forms of remuneration, extraordinary commissions, and advances-whether in cash or in kind-received by the directors or by persons linked to them and to Vanadi.” It asks courts to annul approvals that allowed directors to collect those commissions and reserves the right to pursue claims of nullity, voidability, unjust enrichment or liability.
Documents linked to the financing arrangements show Salvador Martí, Vanadi’s founder and board president, would receive a 1.5% endorsement fee and a 2% management fee on each financing tranche provided by financiers identified as Patblasc and GCFO21. Other directors are reported to have received fees that in some cases reached 5% per transaction. The commissions were charged each time the company executed a financing tranche to buy bitcoin, a practice Vallecid says diluted shareholders as Vanadi raised capital.
Vanadi changed strategy in 2025, keeping its coffee franchise operations while using corporate funds and external financing to build a bitcoin treasury. The initial announcement temporarily lifted the share price, but the stock later fell about 97% over the following year. The company reports holding 223 BTC at an average cost of $116,340 per bitcoin and says it spent more than $11.5 million to accumulate those holdings.
Materials tied to the company’s funding drive described plans to acquire nearly $1.1 billion in bitcoin. Vallecid’s filing seeks a full accounting of any commissions, advances or related-party payments linked to that financing program and requests a board renewal. The petition indicates possible legal action if the accounting reveals improper payments or other breaches.
The material on GNcrypto is intended solely for informational use and must not be regarded as financial advice. We make every effort to keep the content accurate and current, but we cannot warrant its precision, completeness, or reliability. GNcrypto does not take responsibility for any mistakes, omissions, or financial losses resulting from reliance on this information. Any actions you take based on this content are done at your own risk. Always conduct independent research and seek guidance from a qualified specialist. For further details, please review our Terms, Privacy Policy and Disclaimers.
Articles by this author
