Murano Global Investments, a Nasdaq-listed real-estate group that owns and operates hotels across Mexico, said it has secured a standby equity purchase agreement of up to $500 million and will use the majority of the proceeds to accumulate Bitcoin for its corporate treasury. The company has already bought 21 BTC, worth roughly $2.1 million, and is exploring ways to let guests pay for rooms or earn loyalty points in the cryptocurrency. Murano also joined the ‘Bitcoin for Corporations’ initiative led by MicroStrategy executive chairman Michael Saylor. Chief Executive Officer Elias Sacal called Bitcoin “a transformative asset” that can strengthen the balance sheet against inflation and systemic risk. Murano shares fell a little more than 1 percent after the announcement, valuing the group at about $800 million.
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