Listed Real Estate Company Murano to Build Bitcoin Reserve with $500 Million Equity Deal
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Odaily News Nasdaq-listed real estate company Murano Global Investments announced that it will build a Bitcoin treasury strategy through a standby stock purchase agreement (SEPA) of up to $500 million, and is considering integrating Bitcoin into its business, including supporting Bitcoin payments and using it to issue loyalty rewards. Murano's current market value is approximately $800 million, and the company said it will continue to operate its hotel and real estate development businesses. Murano Chairman and CEO Elias Sacal said that Bitcoin is a transformative asset with long-term growth potential that can enhance the company's balance sheet's ability to resist inflation and systemic risk. In addition, Murano has recently joined the Bitcoin Enterprise Alliance "Bitcoin for Corporations" led by Strategy (formerly MicroStrategy) and BTC Inc., and purchased 21 BTC as treasury assets, worth more than $2.1 million at current prices.
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