U.S. listed company Murano signs a maximum of $500 million standby stock subscription protocol ( SEPA ), fully launching the Bitcoin reserve plan.

robot
Abstract generation in progress

On July 7, according to a report by businessinsider, Murano Global Investment Company ( NASDAQ: MRNO ) announced today an upgrade to its corporate strategy aimed at establishing a Bitcoin ( BTC ) reserve. The company will continue to adhere to its core business of real estate development and the operation of hotel resorts in Mexico, while utilizing operating cash flow, real estate assets, and capital market financing to establish a strong Bitcoin reserve. This transformation aims to accelerate the release of long-locked capital in real estate development, improve capital efficiency, enhance balance sheet liquidity, and create better returns for shareholders. As part of the Bitcoin reserve plan, Murano has purchased 21 Bitcoins. The upgraded strategy includes: · Hotel operations: considering accepting Bitcoin payments and launching a Bitcoin rewards program · Real estate disposal: exploring transactions such as sale-leaseback to increase liquidity and fund Bitcoin investments · Capital market activities: signing a SEPA agreement with Yorkville for up to $500 million, with the raised funds primarily used for Bitcoin investments · Bitcoin purchases: planning to continue increasing Bitcoin holdings.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)