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Mexican Real Estate Company Grupo Murano Plans to Establish $10 Billion Bitcoin Treasury Within Five Years
Summary: According to Bitcoin Magazine, Mexican real estate company Grupo Murano, valued at $1 billion, is launching a strategic initiative to integrate Bitcoin into its operations, aiming to optimize its financial situation by shifting from a traditional asset-heavy model to a Bitcoin-centric financial management model. The company manages hotels under brands like Hyatt and Mondrian, as ...
According to Bitcoin Magazine, Mexican real estate company Grupo Murano, valued at $1 billion, is launching a strategic initiative to integrate Bitcoin into its operations, aiming to optimize its financial situation by shifting from a traditional asset-heavy model to a Bitcoin-centric financial management model. The company manages hotels under brands like Hyatt and Mondrian, as well as residential and commercial properties in cities like Cancun and Mexico City, planning to convert assets into Bitcoin through refinancing and sale-leaseback. This approach can reduce debt and equity on the balance sheet while maintaining operational control. Murano's goal is to build a $10 billion Bitcoin treasury within five years. Murano also plans to accept Bitcoin payments in all its hotels and explore opportunities to host Bitcoin conferences in its properties. The company's focus remains on high-profit development projects, allocating 20-30% of its business to real estate and 70-80% to Bitcoin holdings.
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Link: Mexican Real Estate Company Grupo Murano Plans to Establish $10 Billion Bitcoin Treasury Within Five Years [Copy]
