Murano Real Estate Company Signs $500 Million Agreement to Accumulate Bitcoin

Murano Global Investments PLC, a real estate group listed on Nasdaq, has just announced its strategy to accumulate Bitcoin, marking its entry into the trend of "Bitcoinization" of the balance sheet. The company has signed a $500 million capital agreement with Yorkville, the majority of which will be used to purchase Bitcoin.

Strategy and Objectives

#Murano will maintain its core operations in real estate development and hotel operation in Mexico, while utilizing cash flow and fundraising capabilities to build a Bitcoin treasury. The goal is to free up long-term capital, enhance capital efficiency and liquidity, as well as optimize returns for shareholders through the growth potential of Bitcoin.

Elias Sacal, Founder and CEO of Murano, considers Bitcoin to be "a groundbreaking asset" that helps strengthen the balance sheet against inflation. Murano has also previously purchased 21 BTC and joined the "Bitcoin for Corporations" alliance.

This move comes amid a growing number of companies adopting crypto treasury strategies. Currently, there are 142 publicly listed companies holding #bitcoin . However, Murano's MRNO stock has slightly declined after the announcement.