Nasdaq-ListedReal Estate Firm Murano Plans Bitcoin Treasury Strategy With $500M Equity Deal
2025-07-08 06:17:04
Main Idea
Nasdaq-listed real estate firm Murano has announced a Bitcoin treasury strategy, acquiring 21 BTC and planning to allocate up to $500 million for further BTC purchases, while also joining the 'Bitcoin for Corporations' initiative to support corporate Bitcoin adoption.
Key Points
1. Murano Global Investments has acquired 21 BTC and plans to use up to $500 million in proceeds for additional BTC purchases.
2. The firm has joined 'Bitcoin for Corporations' as a Chairman’s Circle Member, backed by BTC Inc. and Michael Saylor’s Strategy.
3. Murano is considering accepting Bitcoin for payments and implementing BTC reward programs to enhance its hospitality operations.
4. Following the announcement, Murano’s stock fell 3.32% in after-hours trading, after closing down 1.68% at $10.53 on the Nasdaq.
5. According to Bitcoin Treasuries, 135 listed firms have allocated funds to BTC, with Murano being the latest to join this trend.
Description
Murano Global, a real estate company and a hotel chain in Mexico, has become the latest to announce its Bitcoin treasury initiative. The Nasdaq-listed firm said that it has already acquired 21 BTC. The company announced on Monday that it has entered into an equity agreement of up to $500 million with Yorkville. The proceeds are “primarily” earmarked for BTC purchases, Murano noted. Additionally, Murano has also joined “Bitcoin for Corporations” as a Chairman’s Circle Member, supporting corporate...
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