Key features
Full principal protection
Every dollar invested is secured by bitcoin we hold in custody and a lien on high-quality U.S. residential real estate.
Bitcoin upside participation
Investors receive 50%–70% of the bitcoin appreciation with no cap on returns.
No downside to bitcoin price
If bitcoin declines, losses are contractually covered by the property owner and secured with real estate.
Dual-collateral structure
Each position is backed by both bitcoin (custodied) and real estate (lien), creating layered protection.
Conservative underwriting
Maximum ~70% LTV ensures a substantial equity cushion even in severe downturns.
Short duration, high convexity
5-year structure captures long-term bitcoin upside without indefinite capital lockup.
Aligned incentives
Property owners incentivized to exit early only when bitcoin is up, directly benefiting investors.
Scalable, asset-backed pipeline
$200M+ of real estate-backed demand ready for deployment into structured bitcoin positions.