Murano Global Investments, a firm listed in NASDAQ real estate that owns hotels across Mexico, said it was building a bitcoin
The approach to Treasury and Mulls are ways to integrate the largest cryptocurrency into its operations.
The $ 800 million Market Cap company slipped over 1% on the trading Monday after announcing the news.
The firm has entered into a standby equity purchase agreement (SEPA) costs up to $ 500 million, with plans to use the “main” proceedings to invest in BTC, according to a Press release.
The company said it would continue to run hotels and real estate -development hotels and businesses, while exploring initiatives such as allowing guests to pay at BTC or earn rewards of loyalty denominations here.
“We see Bitcoin as a transformation of property that not only offers long-term potential growth but also strengthens our sheet against inflation and systematic risk,” said Elias Sacal, chairman and CEO of the company.
The company’s announcement came to the heel of joining the alliance dedicated to the bitcoin industry “Bitcoin for corporations,” led by Michael Saylor’s approach (Mstr) And BTC Inc. Murano has recently bought 21 BTC as a Treasury owner, which costs more than $ 2.1 million in current prices.
