Murano Global Investments, a real estate company listed on NASDAQ that owns a Mexican hotel, said it is building Bitcoin
How to integrate financial strategy and Mars’ biggest cryptocurrency into its operations.
The $800 million market capitalization company went just over 1% in Monday’s deal after it released the news.
The company has signed a standby equity purchase agreement (SEPA) It is worth up to $500 million, according to a press release.
The company said it will continue to operate its hotel and real estate development business, exploring initiatives such as allowing guests to pay with BTC and earn sectarian royalty rewards within it.
“We view Bitcoin as a transformational asset that not only offers long-term growth potential, but also strengthens our balance sheet against inflation and systematic risk,” said Elias Saccar, chairman and CEO of the company.
The company’s announcement comes shortly after joining Bitcoin for Businesses, a Bitcoin-focused industry alliance led by Michael Saylor’s strategy (MSTR) BTC Inc. Murano also recently purchased 21 BTC as a financial asset of over $2.1 million at its current price.
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