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

Cardone Capital has launched the 10X Miami River Bitcoin Fund, which combines a 346-unit multifamily property in Miami with an investment of $15 million in Bitcoin. This investment marks the firm's fourth hybrid fund, intended to convert part of the monthly real estate cash flows into Bitcoin to enhance long-term benefits.

Summary of transaction details:

• Deal Type: Hybrid investment
• Transaction Amount: $15 million in Bitcoin
• Company: Cardone Capital
• Founder: Grant Cardone
• Notable Vision: Accumulating $1 billion in real estate and $200 million in Bitcoin

Cardone Capital is focused on innovating the real estate investment space through cryptocurrency integration. Founded by Grant Cardone, the company aims to onboard both investors and tenants into Bitcoin. The fund also plans to reward renters with Satoshis and introduce BTC-backed mortgage products, representing a unique approach to combining real estate and digital currencies.