00:00 Speaker A
How are you weaving in crypto into what you do?
00:07 Speaker B
Yeah, so we we own 15,000 units and I have been investing in Bitcoin since quietly for about 13 years. And I’ve I was in these rooms where people were debating, what’s better real estate? You know, you’ve heard these arguments, real estate, Bitcoin or or stocks. And every time I heard this argument, I’m like, what if I could put all three of them together? What if the real estate bought my Bitcoin? And then I could actually take the whole thing public. So what we did, we we we launched the first one this year. We took a 80 $88 million piece of real estate that we bought for 72 million. I bought I bought it as a correction. Okay, it’s a brand new asset in Daytona near the SpaceX coast near near where Elon’s launching rockets. It was it should have sold for 88 million, but because the debt market’s all effed up right now, it sold for 72. Rather than me just stealing the real estate, I added $15 million of Bitcoin to it at time of purchase. So I bought the real estate for 72, I paid cash for $15 million with the Bitcoin, and I put them together in a fund. I went to my audience and said, hey, I have an $88 million fund, I’ll keep it all or you guys can take part of it. They they they they consumed this so fast, it was unbelievable. People that had never invested with real estate, people that had never bought any Bitcoin, they bought the combination. The property has no debt on it. The real the Bitcoin has no debt. So each month, the the property cash flows about 350,000 a month. We buy more Bitcoin. This month we’ll buy four 4.125 Bitcoin at $80,000 out of the cash flow of the real estate. Four years from now, I’ll still own the real estate. The glasses is the real estate, and let’s say the real estate is actually worth 88 million today. Four years from now, if it’s still worth 88 million, it hasn’t gone up or now, it got back to what it should have been bought at in 2025. I will own $29 million with a Bitcoin at yesterday’s prices four years from now. So I could sell the real estate. Let’s say me and you were in the deal. I’ll give you your 44 million back, I’ll take my 44 million, and me and you split $29 million with a Bitcoin at yesterday’s prices that we didn’t buy. So what’s better than real estate or Bitcoin? What’s better is if I could get Bitcoin out of my real estate. And then take the two things, I’m going to do 10 of these, we’ve done four already. I’m going to take 10 of these, bring it to the public markets at the end of this year or the first of next year, and we’re going to go ring the bell and turn it into a piece of paper. P
