Murano Global Investments, a Nasdaq-listed real estate company that owns hotels in Mexico, says it is building Bitcoin
Fiscal strategy and approach to considering the integration of the largest cryptocurrency into its operations.
The $800 million market cap company fell more than 1% in Monday’s trading after announcing news on Monday.
The company has signed a standby equity purchase agreement (SEPA) Worth up to $500 million, it is planned to use programs to invest in BTC “mainly”. Press release.
The company said it will continue to operate its hotel and real estate development business while exploring initiatives such as allowing guests to pay in BTC or earn loyalty rewards.
“We believe Bitcoin is a transformative asset that not only has long-term growth potential, but also strengthens our balance sheet to resist inflation and systemic risks,” said Elias Sacal, chairman and CEO of the company.
The company’s announcement follows the Bitcoin-centric industry alliance “Company Bitcoin”, which is strategically led by Michael Saylor (MSTR) BTC Inc. Murano also recently purchased 21 BTC as fiscal assets, and is currently worth more than $2.1 million.
