Mexican real estate company Grupo Murano has invested US$1 billion in Bitcoin and plans to build a US$10 billion Bitcoin vault within five years
Online reports, according to Bitcoin Magazine, Grupo Murano, a Mexican $1 billion real estate company, announced a large-scale investment in Bitcoin and plans to establish a $10 billion Bitcoin vault within five years. CEO Elias Sakar said the company will convert assets into Bitcoin through asset restructuring and sale and leaseback, while maintaining operational control. The strategy aims to respond to the challenge of interest rate fluctuations in the real estate industry. The company focuses 70-80% of its business on Bitcoin holding and 20-30% on real estate development. Grupo Murano also plans to deploy Bitcoin ATMs in its hotels and support Bitcoin payments.
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