Cardone Capital Launches 10X Miami River Bitcoin Fund With 346 Units And $15 Million In 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 innovative fund is a dual-asset investment vehicle that combines a 346-unit multifamily commercial property located on the Miami River in Florida with $15 million worth of Bitcoin (BTC).

The fund, which is the firm's fourth blended investment vehicle mixing BTC and commercial multifamily real estate, aims to convert a portion of its monthly cash flows into BTC. This strategy is designed to leverage the stability and growth potential of real estate while also capitalizing on the volatility and potential appreciation of Bitcoin. The idea for the fund was inspired by a suggestion from Grant Cardone's brother, who pointed out the significant gains that could have been achieved by converting real estate cash flows into Bitcoin over the past 12 years.

Cardone Capital's long-term goal is to accumulate $1 billion in real estate and $200 million in BTC across its hybrid funds. This unique approach of blending income-producing hard assets with Bitcoin as a store of value could disrupt the market for real estate investment trusts (REITs) and other traditional commercial real estate investment vehicles. The fund's strategy is to provide investors with exposure to Bitcoin without the need for them to acquire the technical knowledge to understand how the digital asset works. This is achieved by onboarding investors and tenants to Bitcoin through a rewards program paid in Satoshis for long-term tenants who pay on time and exhibit good renter behavior.

One of the key objectives of the hybrid real estate BTC funds is to drive the adoption of Bitcoin and provide investors with exposure to the digital asset. By integrating Bitcoin into a real estate vehicle that investors are familiar with, the fund aims to attract those who might otherwise avoid Bitcoin due to the technical barrier to entry. Additionally, Cardone Capital is working with other financial firms to create a hybrid Bitcoin mortgage product, giving clients the ability to borrow against their combined Bitcoin holdings and equity held in a real estate investment. This further underscores the firm's commitment to innovating in the financial landscape and providing investors with dynamic and diversified investment opportunities.