AVENTURA, FL, December 26, 2024 (GLOBE NEWSWIRE) — Cardone Capital, a leading real estate investment firm with $4.9 billion in assets under management, announced the launch of its 10X Space Coast Bitcoin Fund, combining institutional-grade real estate with Bitcoin purchases.

Grant Cardone – 10X Space Coast

The $87.5 million fund marks the first time a major real estate investment firm has combined cash flow multifamily properties with structured Bitcoin purchases.

“After studying Bitcoin for over 11 years, we have developed an approach that combines the stability of cash flow real estate with the growth potential of Bitcoin,” said Grant Cardone, founder and CEO of Cardone Capital. “We will continue to target an internal rate of return (IRR) of 12% to 15% for our underlying real estate investments while potentially increasing overall returns through this hybrid strategy.”

Cardone Capital’s announcement came on the same day that Bitcoin price surpassed $100,000 for the first time. Cardone notes that this timing aligns with his long-term thesis on Bitcoin’s trajectory: “We believe Bitcoin will ultimately serve as an alternative to traditional stores of value such as gold and treasuries.”

Cardone Capital joins well-known publicly traded companies such as Elon Musk’s Tesla, Inc. and Michael Saylor’s MicroStrategy Incorporated in recognizing Bitcoin’s potential as a reserve asset for the treasury. Tesla’s Bitcoin holdings are valued at nearly $1 billion, while MicroStrategy now has $42 billion.

Major governments have also built up significant positions, with the United States, China and the United Kingdom now collectively holding over $46 billion in Bitcoin. “We are implementing a strategy that has been endorsed by both visionary CEOs and governments around the world,” Cardone said. “The difference is that we combine it with cash flow real estate to create something completely new.”

The fund will simultaneously complete the acquisition of a 300-unit Class A multifamily property in Melbourne, Florida and make an eight-figure Bitcoin purchase. The real estate portion of the fund is acquired debt-free and immediately generates positive cash flow. In addition, the monthly income from the real estate assets is used to finance ongoing, strategic Bitcoin purchases.

During the early years of the holding period, the Fund plans to place long-term debt on the properties, which, when combined with a partial sale of the Fund’s Bitcoin holdings, could potentially return 100% of investors’ initial capital – as a non-taxable event – while retaining ownership both on the property and on the Bitcoin holdings.

“This tax-free refinancing strategy has been used for decades by the wealthiest real estate investors and institutions to build generational wealth,” said Ryan Tseko, executive vice president of Cardone Capital. “Our investors may receive their initial capital back without paying taxes, while retaining their full ownership position in asset appreciation. This is how the super-rich increase their wealth and we make it available to our investors.”

Cardone Capital’s strategy has already attracted significant investor interest, having secured $100 million in commitments within 72 hours of its initial offering. This overwhelmingly positive response is due to investor confidence in Cardone Capital’s world-class track record. Since 2016, Cardone Capital has raised over $1.5 billion and distributed more than $370 million to nearly 18,000 individual investors.

The launch of the new fund strengthens Cardone Capital’s momentum in 2024. During this time, the company has acquired over $500 million in cash and expanded its portfolio to over 14,000 units.

For more information about the 10X Space Coast Bitcoin Fund, visit CardoneCapital.com.

About Cardone Capital

Cardone Capital is a real estate investment company specializing in the multifamily housing sector. Founded by Grant Cardone, the company has built a $4.9 billion portfolio of prime real estate, including 43 multifamily properties and 500,000 square feet of prime office space.

Forward-Looking Statements

This press release may contain forward-looking statements that describe future expectations, plans, results or strategies. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Changes in product offerings, regulatory plans and business strategies are potential factors influencing such differences.

Disclosure

This is not an offer; Offers will only be made by means of the Regulation D offering documents (available at https://invest.cardonecapital.com) or the Regulation A offering circular (available at https://cardonecapital.com/fund) from time to time with the updated or changed in the latest offering circulars or the latest offering documents. The Regulation D offering under Rule 506(c) is intended only for accredited investors.

The acquisition of the properties referred to in this announcement is subject to various contingencies and may not be consummated. Past performance is not an indication of future results and actual performance may differ materially from any projections contained herein. Bitcoin is highly speculative and its actual performance may not match investors’ expectations. Investing in both real estate and Bitcoin involves risks and may result in partial or total loss. Prospective investors should carefully consider investment objectives, risks, charges and expenses and consult tax, legal and/or financial advisors before making any investment decision. For more information, visit www.cardonecapital.com/disclosure

Media contact
Ryan Tseko
305-407-0276