CMC News

#MRNO Adopts $BTC Treasury Strategy With $500 Million Purchase Agreement

Nasdaq-listed hotel chain Murano Global Investments has announced a Bitcoin accumulation initiative after purchasing 21 $BTC.

The Mexican hotel and resort company entered a standby #equity purchase agreement worth up to $500 million with Yorkville’s investment fund.

Proceeds from the agreement will primarily fund additional $BTC purchases as part of the company's new treasury strategy.

Murano plans to maintain core real estate operations while using operating cash flows and capital market access for $BTC acquisitions.

Company founder and CEO Elias Sacal views $BTC as a transformative asset offering long-term growth potential and inflation protection.

The firm joined the $BTC for Corporations alliance backed by Michael Saylor's MicroStrategy to support corporate $BTC adoption.

Murano is considering accepting Bitcoin as payment and introducing $BTC reward programs for hospitality operations.

The company has deployed over $2 billion in real estate projects across three decades of operations.

MRNO stock closed down 1.68% at $10.53 on Monday and declined further 3.32% in after-hours trading.

The move follows a trend of 142 publicly listed firms now holding $BTC, according to   Bitcointreasuries.net data.