Real Estate Firm Murano Dives Into Bitcoin with $500M Equity Deal

Murano Global Investments, a Nasdaq-listed real estate firm, is developing a bitcoin treasury strategy to integrate the cryptocurrency into its operations. The $800 million market cap company saw a slight decrease of over 1% in trading following the announcement. They have entered into a $500 million standby equity purchase agreement to primarily invest in BTC, aiming to use the proceeds to enhance their core strategy. The company plans to explore initiatives like allowing guests to pay in BTC or earn loyalty rewards denominated in it. Chairman and CEO Elias Sacal views bitcoin as a transformative asset that offers long-term growth potential and strengthens the balance sheet against inflation and systemic risk. Murano recently joined the bitcoin-focused industry alliance “Bitcoin for Corporations” and purchased 21 BTC as a treasury asset, worth over $2.1 million.

Read more at Yahoo Finance: Real Estate Firm Murano to Build Bitcoin Treasury With $500M Equity Deal