Murano Global Investments PLC, listed on Nasdaq, has decided to incorporate Bitcoin into its corporate strategy, becoming one of the first public companies to view this cryptocurrency as a strategic reserve asset.
Corporate Treasury Strategy
Murano has already acquired 21 BTC as part of its initial steps to adopt this digital currency. This initiative is aimed at providing the company with additional financial stability.
SEPA Funding Up to $500M
To support its bitcoin treasury strategy, Murano has entered into a Standby Equity Purchase Agreement (SEPA) with Yorkville Advisors, allowing the company to raise up to $500 million. A significant portion of these funds will be used to increase its bitcoin holdings.
Integration of Bitcoin into Core Operations
Murano plans to introduce bitcoin-related initiatives in its core business areas: consideration of sale-leaseback options to free up capital, introducing bitcoin as a payment method for guests, and using proceeds from the SEPA to gradually accumulate bitcoin.
Murano is actively leveraging new opportunities to diversify its finances, which may lead to further integration of bitcoin into various aspects of its business.
