Cardone Capital launches 10X Miami River Bitcoin Fund

Cardone Capital, a real estate investment firm with more than $5 billion in assets under management, has launched the 10X Miami River Bitcoin Fund, a dual-asset fund consisting of a 346-unit commercial multifamily property located on the Miami River in Florida and $15 million in bitcoins.

Cardone Capital founder and CEO Grant Cardone said the Miami River Bitcoin Fund, which is the firm's fourth blended investment vehicle mixing BTC and commercial multifamily real estate, will convert a portion of its monthly cash flows into BTC.