PANews reported on May 26 that according to Cointelegraph, real estate investment company Cardone Capital announced the launch of the 10X Miami River Bitcoin fund, which is a dual-asset structure containing 346 multi-unit commercial properties along the Miami River in Florida and $15 million worth of Bitcoin. The company's founder and CEO Grant Cardone stated that this is its fourth investment tool mixing Bitcoin with commercial real estate, with plans to convert part of the monthly cash flow into BTC; the company's long-term goal is to accumulate $1 billion in real estate and $200 million in BTC as reserve assets.
Cardone Capital plans to attract investors and tenants to Bitcoin by lowering technical barriers, such as considering a reward program that allows payment in "satoshis" for tenants who consistently pay on time. The CEO said that the hybrid fund aims to provide Bitcoin exposure for investors who want to avoid technical barriers and is collaborating with other financial institutions to develop hybrid mortgage products that allow customers to mortgage Bitcoin and real estate equity.
