TechFlow news, December 27 — According to GlobeNewswire, Cardone Capital, a real estate investment firm managing $4.9 billion in assets, announced the launch of the 10X Space Coast Bitcoin Fund, which combines institutional-grade real estate with bitcoin acquisitions. The fund has a total size of $87.5 million.
Grant Cardone, founder and CEO of Cardone Capital, said: "After more than 11 years of studying bitcoin, we've developed a strategy that combines the stability of cash-flowing real estate with the growth potential of bitcoin. We will continue targeting a 12%-15% internal rate of return from our core real estate investments, while this hybrid approach offers the potential to enhance overall returns."
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