US listed company Murano signs up to $500 million standby equity subscription agreement (SEPA), fully launches Bitcoin reserve plan

BlockBeats News: On July 7th, according to BusinessInsider, Murano Global Investments (NASDAQ: MRNO) announced an upgrade to its corporate strategy aimed at establishing Bitcoin (BTC) reserves. The company will continue to adhere to its core business of real estate development and operation of hotels and resorts in Mexico, while utilizing operating cash flow, real estate assets, and capital market financing to establish a strong Bitcoin reserve. This transformation aims to accelerate the release of long-term capital accumulated in real estate development, improve capital efficiency, enhance balance sheet liquidity, and create better returns for shareholders. As part of the Bitcoin Reserve Program, Murano has purchased 21 bitcoins. The upgraded strategy includes: ·Hotel Operations: Consider accepting Bitcoin payments and launching Bitcoin reward programs · Real Estate Disposal: Explore post-sale leaseback transactions to increase liquidity and provide funding for Bitcoin investments · Capital Market Activities: Sign up to $500 million SEPA agreement with Yorkville, the funds raised will mainly be used for Bitcoin investments · Bitcoin Purchase: Plan to continue increasing holdings of Bitcoin