Cardone Capital, a real estate investment firm with $4.9 billion in assets under management, announced the launch of its 10X Space Coast Bitcoin Fund, combining real estate investments with Bitcoin purchases. The fund is $87.5 million.
“After studying Bitcoin for more than 11 years, we have invented a way to combine 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 of 12%-15% on the underlying real estate investments while potentially increasing total returns through this hybrid strategy.” (Globenewswire)