US-listed company Murano has signed a Strategic Equity Purchase Agreement (SEPA) of up to $500 million, officially launching its Bitcoin Reserve Program.

On July 7th, as reported by businessinsider, Murano Global Investment Corporation (Nasdaq: MRNO) announced today the elevation of its corporate strategy to set up a Bitcoin (BTC) reserve. The company will persist in adhering to its core business of real estate development and the operation of Mexican hotel resorts. Meanwhile, by leveraging operational cash flow, real estate assets, and capital market financing, it aims to establish a robust Bitcoin reserve. This transformation is intended to expedite the release of capital that has been long locked in real estate development, enhance capital efficiency, improve balance sheet liquidity, and generate better returns for shareholders. As part of the Bitcoin reserve plan, Murano has already acquired 21 Bitcoins. The upgraded strategy encompasses the following aspects: · Hotel Operation: Considering the acceptance of Bitcoin payments and the launch of a Bitcoin reward program. · Real Estate Disposal: Exploring post-sale leaseback transactions to boost liquidity for Bitcoin investments. · Capital Market Activities: Signing a SEPA agreement with a value of up to $5 billion with Yorkville, and the raised funds will mainly be allocated for Bitcoin investments. · Bitcoin Purchases: Planning to continuously accumulate Bitcoin.