Nasdaq-ListedReal Estate Firm Murano Plans Bitcoin Treasury Strategy With $500M Equity Deal - adtechsolutions

Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

Nasdaq-ListedReal Estate Firm Murano Plans Bitcoin Treasury Strategy With $500M Equity Deal


Murano Global, a real estate company and a hotel chain in Mexico, has become the latest who announced its Bitcoin Treasury Initiative initiative. The company on the list NASDAQ said it has already received 21 BTC.

The company announced on Monday that it has concluded in a capital agreement up to $ 500 million with Yorkville. The proceeds are “primarily” earmarked for BTC purchases, Murano noted.

In addition, Murano also joined the “Bitcoin for Corporations” as a member of the chairman of Circle and supported the adoption of Bitcoins. Crypto Alliance is supported by BTC Inc. strategy. & Michael Saylor.

“We see bitcoins as a transformation asset that not only offers long -term growth potential, but also strengthens our balance sheet against inflation and systemic risk,” said Elias Sacal, CEO and founder Murano.

Murano is building a bitcoin strategy

The company emphasized that it will continue its basic real estate strategy and operates its Mexican hotel and resort, using operating cash flows, real estate and access to the capital market to create a robust Bitcoin magazine over time.

The aim of this initiative is to increase capital efficiency and liquidity and generate an improved return for shareholders, reading editions.

Cohen & Company Capital Markets will be a reigning financial and strategic advisor to Murano on the Bitcoin Treasury Initiative initiative.

In addition, the company is considering accepting Bitcoins for BTC payments and programs to improve its hospitality.

After the announcement of the Murano stock, they dropped by 3.32% in the clock trading after closing 1.68% to $ 10.53 on NASDAQ on Monday. Stocks are Currently trading for $ 10.53 at the time of writing.

The BTC’s Business Treasury allocation should not be about chasing trends: XAPO CEO

Murano became the latest who joined to A growing wave of corporate crypto cash registers. According to Bitcoin’s state treasury, 135 BTC companies deployed only in BTC, led by strategy, metaplanet, twenty -one, among other things.

Seamus Rocca, CEO of Xapo Bank, said Cryptonews that although the rise of the company’s state treasury on bitcoins is significant: “It should not be the persecution of trends or building excessive positions.”

“It is a allocation of what a business can afford to hold over five to ten years without being forced to sell volatility,” he said. “Our opinion was and remains that Bitcoins deserve serious consideration-but with a disciplined long-term framework: focusing on property itself, avoid speculative trading and size responsibly.”

Contribution Nasdaq-Listedreal Estate Murano is planning a Bitcoin strategy of cash strategy with a capital agreement of $ 500 million He appeared for the first time Cryptonews.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *