A quick example
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% or more 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
$500M+ of real estate-backed demand ready for deployment into structured bitcoin positions.
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Where the downside protection comes from
Every position has a counterparty: a property owner who wants bitcoin or MSTR exposure without deploying cash. You fund the purchase of bitcoin or MSTR and the property owner commits to covering the downside, secure with a lien on an investment property they own and Sovana underwrites. In exchange, the counterparty shares in any appreciation.
One listing, one counterparty
Each row is a single owner, a single property, and a single fundable position, not a pool or a fund. Your capital sits in a dedicated entity tied to that property for the life of the deal.
Underwritten before listed
We verify the owner, the property, the senior mortgage, and the remaining equity, and size the position against it. We accept investment properties only, never a primary residence.
Filters
Asset
Split
Maximum LTV
0%70%70%
Property location
Investment requested