Cardone Capital Launches 10X Miami River Bitcoin Fund With $15 Million BTC

Cardone Capital, a prominent real estate investment firm with over $5 billion in assets under management, has launched the 10X Miami River Bitcoin Fund. This dual-asset fund comprises a 346-unit multifamily commercial property situated on the Miami River in Florida, along with $15 million in Bitcoin (BTC).

The fund, which is the firm's fourth blended investment vehicle combining BTC and commercial multifamily real estate, aims to convert a portion of its monthly cash flows into BTC. This innovative approach was inspired by a suggestion from the CEO's brother, who highlighted the potential gains from converting real estate cash flows into Bitcoin over the past 12 years. According to the CEO, this strategy could have transformed $160 million into approximately $3 billion.

Grant Cardone, the founder and CEO of Cardone Capital, expressed his vision for the fund, stating, "I am going to create a fund where we buy real estate, add bitcoin, and then use the cash flow from the real estate purchase to buy more Bitcoin." The long-term goal of Cardone Capital is to accumulate $1 billion in real estate and $200 million in BTC across these hybrid funds, with the BTC held as a treasury asset.

The unique blend of income-producing hard assets and Bitcoin as a store of value in this fund could disrupt the market for real estate investment trusts (REITs) and other traditional commercial real estate investment vehicles. By integrating Bitcoin into the investment strategy, the fund aims to provide investors with exposure to the digital asset without the need for extensive technical knowledge.

Cardone Capital is also exploring ways to onboard investors and tenants to Bitcoin, such as implementing a rewards program paid in Satoshis for long-term tenants who exhibit good renter behavior. This initiative aims to drive the adoption of Bitcoin and provide investors with exposure to the digital asset through a familiar real estate investment vehicle.

Additionally, Cardone is collaborating with other financial firms to develop a hybrid Bitcoin mortgage product. This product would allow clients to borrow against their combined Bitcoin holdings and equity held in a real estate investment, further integrating digital assets into traditional financial services.

In summary, the launch of the 10X Miami River Bitcoin Fund by Cardone Capital represents a significant step in the integration of real estate and digital assets. By leveraging the stability of real estate and the growth potential of Bitcoin, the fund offers investors a unique opportunity to diversify their portfolios and benefit from the increasing acceptance and value appreciation of Bitcoin in the financial markets. This innovative approach not only enhances investment performance but also drives the adoption of Bitcoin among a broader range of investors and tenants.