Cardone Capital Launches Groundbreaking 10X Space Coast Bitcoin Fund

AVENTURA, FL, December 26, 2024 – Cardone Capital, a prominent real estate investment firm with an impressive portfolio of $4.9 billion in assets, has announced its latest initiative: the 10X Space Coast Bitcoin Fund. This innovative fund represents a significant integration of cash-flowing real estate investments and strategic Bitcoin acquisitions.

A New Era in Investment Strategies

Key Highlights of the 10X Space Coast Bitcoin Fund:

• Fund Size: $87.5 million
• Investment Type: Combination of multifamily real estate and Bitcoin
• Targeted Returns: 12%-15% Internal Rate of Return (IRR)
• Major Acquisition: 300-unit Class A multifamily asset in Melbourne, Florida
• Bitcoin Purchase: An eight-figure investment following real estate acquisition

Grant Cardone, founder and CEO of Cardone Capital, stated, “After studying Bitcoin for over eleven years, we’ve developed an approach that pairs the stability of cash-flowing real estate with Bitcoin’s growth potential.” This statement underscores the firm’s commitment to creating a balanced investment strategy that capitalizes on both real estate stability and Bitcoin’s volatility for potential profit.

Context in the Market

Coinciding with the launch of this fund, Bitcoin recently surged past the $100,000 mark for the first time, reinforcing the strategic timing of this investment vehicle. Cardone noted, “We believe Bitcoin ultimately will serve as an alternative to traditional stores of value such as gold and treasury bonds.” This perspective aligns with the increasing recognition of Bitcoin as a legitimate treasury reserve asset by major corporations and governments.

Notable Examples:

• Tesla, Inc.: Holds nearly $1 billion in Bitcoin
• MicroStrategy Incorporated: Has amassed over $42 billion in Bitcoin
• Government Holdings: The US, China, and the UK together hold over $46 billion in Bitcoin

Cardone observed, “We’re implementing a strategy that’s been validated by both visionary CEOs and world governments.” The company merges this strategy with tangible real estate, providing a unique investment opportunity.

Fund Structure and Benefits

The 10X Space Coast Bitcoin Fund is designed to generate immediate positive cash flow through debt-free real estate purchases while directing a portion of the monthly income towards ongoing Bitcoin acquisitions.

Strategic Advantages:

• Tax-Free Refinancing: This enables investors to potentially recoup their initial capital without incurring tax liabilities.
• Long-Term Hold Strategy: After several years, the fund will secure long-term debt on properties, enhancing liquidity for investors.

Ryan Tseko, Executive Vice President of Cardone Capital, explained, “This tax-free refinancing strategy has been used by the wealthiest real estate investors and institutions for decades to build generational wealth.” Such strategies aim to empower investors to retain exposure to appreciating assets while managing risk effectively.

Rapid Investor Interest

Following the announcement, the fund has already attracted $100 million in commitments within just 72 hours. This enthusiastic response reflects investor confidence in Cardone Capital’s history of successful real estate ventures, having raised over $1.5 billion since 2016 and distributed more than $370 million to nearly 18,000 investors.

Expanding Portfolio and Milestones:

• Completed over $500 million in cash-based multifamily acquisitions in 2024.
• Expanded portfolio to over 14,000 multifamily units.

Conclusion

The launch of the 10X Space Coast Bitcoin Fund marks a pivotal moment in the merger of real estate and digital currency investment strategies. Cardone Capital stands at the forefront of this innovative approach, offering unique opportunities for investors interested in blending traditional real estate with the dynamic world of cryptocurrency.

For more information about the 10X Space Coast Bitcoin Fund, visit Cardone Capital.

Important Disclaimers

This announcement may include forward-looking statements that are subject to risks and uncertainties. Potential investors are advised to consider their investment objectives and consult with financial advisers before making decisions. For comprehensive disclosures, please refer to Cardone Capital’s Compliance Page.