Cardone Capital Launches Innovative 10X Space Coast Bitcoin Fund

Aventura, FL, Dec. 26, 2024 – In a groundbreaking move that merges the worlds of real estate and cryptocurrency, Cardone Capital, a prominent real estate investment firm with a staggering $4.9 billion in assets under management, has unveiled its 10X Space Coast Bitcoin Fund. This $87.5 million fund is a pioneering initiative that combines cash-flowing multifamily properties with structured Bitcoin purchases, marking a significant milestone in the investment landscape.

The Vision Behind the Fund

Grant Cardone, the founder and CEO of Cardone Capital, has been an ardent advocate for Bitcoin for over eleven years. His extensive research has culminated in a unique investment strategy that seeks to leverage the stability of real estate alongside the growth potential of Bitcoin. "We will continue to target a 12%-15% internal rate of return (IRR) on our underlying real estate investments while potentially boosting total returns through this hybrid strategy," Cardone stated.

The timing of this announcement is particularly noteworthy, coinciding with Bitcoin’s historic surge past the $100,000 mark for the first time. Cardone believes this milestone aligns with his long-term thesis that Bitcoin will evolve into a viable alternative to traditional stores of value, such as gold and treasury bonds.

A Strategic Investment Approach

Cardone Capital’s innovative fund is not just about real estate; it also recognizes Bitcoin’s growing acceptance as a treasury reserve asset. Major corporations like Tesla and MicroStrategy have already made significant investments in Bitcoin, with Tesla’s holdings valued at nearly $1 billion and MicroStrategy boasting over $42 billion in Bitcoin assets. Cardone emphasizes that by combining cash-flowing real estate with Bitcoin, Cardone Capital is creating a unique investment vehicle that stands apart from traditional investment strategies.

The fund will initiate its operations by acquiring a 300-unit Class A multifamily asset in Melbourne, Florida, while simultaneously making an eight-figure Bitcoin purchase. This dual approach ensures that the real estate component generates immediate positive cash flow, which will then be reinvested into ongoing Bitcoin purchases.

Innovative Financial Strategies

One of the standout features of the 10X Space Coast Bitcoin Fund is its tax-free refinancing strategy. During the initial years of the investment hold period, the fund plans to place long-term debt on the properties. This strategy, when combined with a partial sale of the fund’s Bitcoin holdings, could potentially return 100% of investors’ initial capital without triggering a taxable event. This allows investors to maintain ownership of both the appreciating real estate asset and Bitcoin holdings.

Ryan Tseko, Executive Vice President of Cardone Capital, highlighted the significance of this approach: "This tax-free refinancing strategy has been used by the wealthiest real estate investors and institutions for decades to build generational wealth. Our investors potentially will get their initial capital back without paying taxes while keeping their entire ownership position in appreciating assets."

Investor Confidence and Market Response

The launch of the 10X Space Coast Bitcoin Fund has already generated significant interest from investors, with $100 million in commitments secured within just 72 hours of the initial offering. This overwhelming response can be attributed to Cardone Capital’s impressive track record. Since its inception in 2016, the firm has raised over $1.5 billion and distributed more than $370 million to nearly 18,000 unique investors.

In 2024 alone, Cardone Capital has completed over $500 million in all-cash multifamily acquisitions, expanding its portfolio to over 14,000 units. This momentum underscores the firm’s commitment to delivering value to its investors while exploring innovative investment strategies.

Conclusion

The launch of the 10X Space Coast Bitcoin Fund by Cardone Capital represents a significant evolution in the investment landscape, merging the stability of real estate with the growth potential of Bitcoin. As the firm continues to push the boundaries of traditional investment strategies, it is poised to attract a new wave of investors looking for innovative ways to build wealth.

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

About Cardone Capital

Cardone Capital is a real estate investment firm specializing in the multifamily sector. Founded by Grant Cardone, the firm has built a robust portfolio of premium real estate assets, encompassing 43 multifamily properties and 500,000 square feet of Class A 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 may cause actual outcomes to differ materially from those projected.

Disclosure

This is not an offer; offers will be made only by means of the Regulation D Offering Documents or the Regulation A Offering Circular. The acquisition of any property identified in this communication is subject to various contingencies and may not be consummated. Investing in both real estate and Bitcoin involves risk and may result in partial or total loss. Prospective investors should consult with a tax, legal, and/or financial adviser before making any investment decision. For additional information, visit www.cardonecapital.com/disclosure.

Media Contact

Ryan Tseko
305-407-0276