Murano Global Investments — Hotel Portfolio Bitcoin Treasury

Murano Global Investments is a Nasdaq-listed developer and operator of resort, hotel, and residential properties in Mexico. In July 2025, the company announced that it had purchased 21 bitcoin and established a standby equity purchase agreement of up to $500 million to support potential future acquisitions. Murano also described plans to connect Bitcoin with its operating businesses, including hotel payments, loyalty programs, guest experiences, and industry events. Its real estate portfolio and Bitcoin balance sheet remain legally distinct assets of the public company; the available disclosures do not state that individual properties secure the Bitcoin or that net operating income is automatically converted to BTC. Murano continued publishing hotel and branded-residence announcements in 2026, providing current evidence that the underlying property platform remains active. Counterparties evaluating the structure should distinguish the completed 21-BTC purchase from the larger equity facility, which is financing capacity rather than a completed Bitcoin acquisition.