Vanadi Coffee - The TradFi Asymmetric Bet Over the past few weeks, we’ve been witnessing a narrative that very few people are paying attention to, despite it giving up massive returns. A narrative that connects Crypto and TradFi. Nearly bankrupt companies that are still publicly traded in the stock market decide to issue convertible bonds to raise funds and invest them in Bitcoin for their treasury, effectively turning themselves into regulated Bitcoin investment vehicles. This is the same strategy that MicroStrategy has been following for years, which has made it one of the best investments of the decade, even achieving returns higher than Bitcoin. Let’s take a look at some examples of companies that have followed this path and delivered enormous returns, and then we’ll explore why I believe Vanadi Coffee is significantly undervalued and could offer substantial returns.