Murano (MRNO) to buy BTC with a stock transaction of $ 500 million

Murano Global Investments, a real estate company listed at Nasdaq which has hotels across Mexico, said that it was building a bitcoin

The treasure strategy and the ways to make the means to integrate the greatest cryptocurrency into its operations.

The market capital company of $ 800 million has slipped a little more than 1% in trade on Monday after announcing the news.

The company has concluded a share purchase agreement in standby (Sepa) Takes up to up to $ 500 million, with plans to use the “mainly” procedure to invest in the BTC, according to a press release.

The company said it would continue to operate its hotels and real estate development activities, while exploring initiatives such as customers to pay in BTC or retain the awards.

“We consider Bitcoin as a transformer asset which not only offers long -term growth potential, but also strengthens our assessment against inflation and systemic risk,” said Elias Sacal, President and Chief Executive Officer.

The announcement of the company has just joined Bitcoin Industry Alliance “Bitcoin for Corporations”, led by Michael Saylor’s strategy (MSTR) And BTC Inc. Murano also recently bought 21 BTC as a treasury ratio, worth more than $ 2.1 million at current prices.

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