On July 7, according to Business Insider, Murano Global Investment Company (NASDAQ: MRNO) announced an upgrade to its corporate strategy aimed at establishing a BTC reserve. The company will continue to focus on its core real estate development business and Mexican hotel resort operations, while using operating cash flow, real estate assets, and capital market financing to build a strong bitcoin reserve. This transformation aims to accelerate the release of capital long-term deposited 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 of up to $500 million with Yorkville, with funds primarily used for bitcoin investments
· Bitcoin purchases: Plans to continue increasing bitcoin holdings
