Bitcoin Is Your Savings. Real Estate Is Your Paycheck.
Use Real Estate for Cash Flow and Substantial Tax Advantages.
Keep Your Keys. Stack More Bitcoin.
Are You Asset Rich and Cash Poor?
Monetizing Your Bitcoin Usually Means Selling, Borrowing Against It, or Counterparty Risk
Portfolio Is Up
Your stack is up.
Cash Squeezed
You need access to cash.
Risky Alternatives
Borrowing, lending your coins, and DeFi mean risk: not holding your keys, bear markets, flash crashes.
Costly Leverage
Borrowing is expensive.
Uncertain Future
AI is changing everything: little feels stable.
No Relief In Sight
You do not see any of this changing anytime soon.
But There Is a Path That Does Not Ask You to Choose Between Living Well Now and Holding for the Future
Cash Flow. High Bonus Depreciation.
More Bitcoin.
For Bitcoin Investors Who Want Current Income Without Introducing Risk to Their Bitcoin Position
Cash Flow
Distributions evaluated monthly: funds are sourced from real operations, not financial engineering.
High Bonus Depreciation
Tax benefits that can reduce what you owe Year 1, and each year after that until you use up the benefit.*
More Bitcoin
10% of available cash flow dollar cost averages into Bitcoin. Dollar cost averaging done for you.
The Value of Real Estate in a Bitcoin World
If you never need cash, holding Bitcoin alone is likely the better trade. This fund is focused on Bitcoin holders (and soon to be Bitcoin holders) who want access to cash flow. The fund also buys Bitcoin with 10% of available cash flow (available cash flow is evaluated monthly), so your Bitcoin position grows while you keep your original stack untouched.
* Consult your tax advisor on how depreciation affects your personal tax situation.
Fund at a Glance
The Bitcoin Outdoor Hospitality Fund Is a $21 Million Private Fund That Buys Cash-Flowing U.S. RV Parks and RV Resorts, Allocates 100% of Bonus Depreciation to Its Investors, Evaluates Available Cash Flow Monthly for Distributions, and Dollar Cost Averages 10% of Available Cash Flow Into Bitcoin
| Term | Detail |
|---|---|
| Fund Size | $21 Million |
| Minimum Investment | $50,000 |
| Planned Hold | 5 Years |
| Distributions | 90% of available cash flow, evaluated monthly |
| Bitcoin Accumulation | 10% of available cash flow, held in 2-of-3 multisignature collaborative custody |
| Offering | Rule 506(c), Regulation D · 100 beneficial owners maximum |
Why RV Parks and RV Resorts?
A Fragmented, Cash-Flowing Asset Class at the Start of Institutional Consolidation
annual outdoor hospitality growth post-COVID vs. 0.5% for hotels1
of owners are 60+, many properties have little online booking, social media, or dynamic pricing2
of new campers in 2024 were Millennials and Gen Z, the largest demographic shift the category has seen3
major hospitality brands entered outdoor hospitality since 2024: Marriott4, Hyatt5, Hilton6, and Best Western7
Institutional Demand Pushes Up Prices
Blackstone acquired RCN Vakantieparken in 2025.8 Northgate Holdings has grown its camp-resort portfolio to $1.2B.9
If institutional participation continues to increase, we believe increased competition for outdoor hospitality assets could place upward pressure on valuations. It happened with mobile home parks. It happened with single family homes. It is happening with small businesses around the U.S. We expect the same in outdoor hospitality real estate as they keep expanding. They are just getting started. This is an opportunity to front-run the big players.
Real Estate for Bitcoiners
Two Assets That Share Bitcoin Key Principles:
Scarce, Desirable, Hard Assets with Asymmetric Return Potential
| Attribute | Bitcoin | Outdoor Hospitality Real Estate |
|---|---|---|
| Fixed Supply | 21 Million Hard Cap | Can’t Print Land, Limited By Zoning & Land Use |
| Cash Flow | No | This fund evaluates distributions monthly |
| Inflation Resistance | Grows on a set, decreasing schedule, then never more supply | Rising costs are offset by rising revenue |
| Demand Trajectory | Growing: ETFs, institutions, and nations are accumulating | Growing: Millennials and Gen Z are driving demand |
| Asymmetric Upside | Arguably the greatest economic shift in generations | Outsized growth in-place, major players accumulating |
Build Your Financial Fortress Like a Bitcoiner: Each Tool Has One Job. Asking Bitcoin to Do Everything Is an Avoidable Mistake.
Your Bitcoin Never Leaves Your Hands
The fund does not ask you to sell, pledge, loan, or move your Bitcoin. The best security your Bitcoin can have is staying exactly where it is.
How It Works
Invest
Preferred return accrues from the date capital is admitted*, plus top-tier bonus depreciation. The fund’s governing documents allocate all of the available depreciation deductions to investors, subject to partnership tax rules and each investor’s individual tax limitations.
Acquire
RV properties that cash flow at acquisition.
Distribute and Auto-Stack More Bitcoin
Cash flow is evaluated monthly for distributions, and 10% dollar cost averages into Bitcoin.
Optimize
Improvements sequenced to minimize disruption to existing operations: dynamic pricing, social media, improvements to guest experience that drive ROI, added amenities, deferred maintenance catchup, and potential glamping conversions.
Exit
Planned exit in 5 years.
Get Bitcoin and Final Cash Distributions
Cash proceeds are distributed to bank accounts. The Bitcoin acquired over the fund’s life is distributed directly to Bitcoin wallets.
* Accrual is not a guarantee of payment.
The Contingency Plan
Plans can go wrong. A property can underperform. A black swan event may affect the industry. Trends can change without notice. What we commit to is that you hear it from us first and in plain terms. We will share with you our best plan for the unexpected. You will get monthly updates and we will report what is going on, the good and the bad.
We work to manage risk by making conservative assumptions in our underwriting, buying on in-place performance, and stress-testing assumptions. Anyone who tells you an investment has no potential risks is telling you something about themselves. Expect more.
The Tax Advantage
RV Parks and RV Resorts Rank Among the Highest Asset Classes in Real Estate for Bonus Depreciation Relative to Acquisition Price10
The IRS allows real estate owners to deduct a portion of their property’s value against taxable income each year as depreciation. A write-off with no cash out of pocket.
Bonus depreciation goes further: property with a recovery period of 20 years or less can be written off in full in the year it is placed in service.11 Permanent structures don’t qualify. Underground infrastructure, personal property, and non-permanent structures do. These are the large majority of the property value for almost every RV park and RV resort.
Unused passive losses from bonus depreciation generally carry forward until they can be used against passive income* or become allowable under applicable disposition rules.12 Under the One Big Beautiful Bill Act, enacted July 4, 2025, 100% bonus depreciation was permanently restored for qualifying property placed in service after January 19, 2025.13
RV parks and RV resorts rank among the top asset classes for bonus depreciation in all of real estate.
As high as 80% of purchase price can be eligible for bonus depreciation in Year 1.**
100% of the fund’s bonus depreciation benefit is allocated directly to the fund’s investors.
* Depreciation offsets passive income and, for certain individuals, non-passive income. An investor’s ability to use allocated depreciation deductions depends on basis, at-risk, passive-activity and other tax limitations. Deductions that are not currently usable may in some circumstances be suspended or carried forward. Investors should review their individual circumstances with their tax adviser.
** 80% of purchase price is based on an RV park with minimal permanent structures. Each property is different and depreciation allocations for each property are subject to confirmation from a cost segregation study.
Fund Terms
Built to Align the Fund’s Interests with Yours
| Fund Size | $21 Million |
|---|---|
| Minimum Investment | $50,000 ($210,000+ Investments Qualify for Enhanced Terms) |
| Planned Hold Period | 5 Years |
| Offering Type | Rule 506(c), Regulation D |
| Investor Cap | 100 beneficial owners |
| Distributions | Available cash flow evaluated monthly: 90% of available cash flow is distributed |
| Bitcoin Accumulation | Available cash flow evaluated monthly: 10% of available cash flow is used to buy Bitcoin |
| Bonus Depreciation | As high as 80% of purchase price eligible in Year 1, with 100% of the benefit allocated to you* |
| Reporting | Monthly financials · Annual K-1 · Third-party annual audits |
| Investor Benefit | 10 free nights per year at fund properties for you and/or your friends and family |
* 80% of purchase price is based on an RV park with minimal permanent structures. Each property is different and depreciation allocations for each property are subject to confirmation from a cost segregation study.
The Managing Principal
Dan Mathason
Managing Principal
$1.3B real estate development experience including Wave House in Bitcoin Beach
Asset managed 1,094-key hospitality portfolio across eight properties (Hilton, Marriott, and IHG)
Co-founded & operated short-term rental management company Live The Dream
Co-owns general contractor: knows construction & negotiating costs
Negotiated over $500M of real estate loans
Wharton School graduate: Joseph Wharton Scholars Program
Designed and administered pre-construction real estate Bitcoin payment platform in El Salvador
Built the Bitcoin Outdoor Hospitality Fund to solve the problem he has as a Bitcoiner
Investing significant personal capital in the fund
Speed Is Everything in Real Estate
This fund is led by a long-time hospitality executive and real estate developer.
Proven gameplans + improvements executed quicker = better returns.
Why We Believe the Market Is Consolidating
There Are ~16,200 U.S. Private RV Parks and Campgrounds.14 Over 1,100 (7%) Are Institutionally Owned Today14 vs. Roughly 400 Properties in 2021.15
Marriott
Acquired Postcard Cabins: 29 properties, 1,200+ cabins.4
Hyatt
Established an exclusive alliance with Under Canvas.5
Hilton
Partnered with AutoCamp.6
Sun Communities
Now operating 160 RV resort communities across the United States.16
An Opportunity to Front Run the Institutions and Major Brands
Blackstone8 and Northgate9 are acquiring. In 2024, the biggest names in hospitality joined: Marriott, Hyatt, Hilton, Best Western. Sun Communities operates 160 RV resorts in the U.S.16
The institutions are focused on the stabilized, Class A outdoor hospitality properties. That leaves the value-add tier to others for now, and an opportunity for those who can stabilize and improve properties and implement institutional-quality systems and management.
Common Questions
Do I need to have Bitcoin to be in this fund?
No. Lots of people are looking for the benefits this fund gives, including projected cash flow, big bonus depreciation, and (more) Bitcoin from available cash flow. You don’t need Bitcoin now for any of this, but the plan is for you to have Bitcoin at the end of the fund’s life.
Can I make my investment using Bitcoin?
Yes you can. We are committed to helping Bitcoiners and have made arrangements to be able to accept Bitcoin as your investment in the fund. Note, Bitcoin you contribute to the fund will be converted to U.S. Dollars by the fund. You will be credited for U.S. Dollars received by the fund net of conversion costs. This can have tax effects for you. Please consult your tax advisor before proceeding.
What happens to the Bitcoin the fund accumulates?
All fund Bitcoin is held in a multisignature collaborative custody arrangement throughout the fund’s life. It is not sold, pledged, or borrowed against during the hold period. When the fund ends, the Bitcoin is distributed. Your portion goes to the wallet you choose.
How is the Bitcoin in the fund kept secure?
The fund uses a collaborative multisig arrangement with geographically distributed keys. This security setup is designed so that one wallet security failure or one compromised key does not result in any Bitcoin being moved.
Is the tax benefit as good as it sounds, or will my CPA tell me otherwise?
RV park site improvements are predominantly 5-, 7-, and 15-year property, which qualifies them for bonus depreciation under IRC §168(k). We allocate 100% of this depreciation to investors like you, not to the management. What we can’t tell you is how this can help your personal tax situation. That depends on your income types, passive activity limits, professional designation, and other factors. Take the numbers to your own CPA. If bonus depreciation doesn’t benefit your situation, we’d rather you know before investing, not after.
How do I get detailed fund information?
Schedule a 20-minute intro call. After that conversation, and subject to accreditation verification, you will receive access to the data room, which contains the Private Placement Memorandum, LP Agreement, and supporting financial information.
Is This the Right Fit?
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You want high projected cash flow
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You want access to this opportunity before institutions take over
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You understand that getting value from real assets takes time
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You are an accredited investor
You qualify as an accredited investor if any one of these is true:
Your net worth exceeds $1 million, not counting your primary home.
Your annual income exceeded $200,000 in each of the past two years ($300,000 with a spouse or spousal equivalent) and you expect the same this year.
You hold a FINRA Series 7, 65, or 82 license currently in good standing.
Certain self-directed retirement accounts may be eligible to invest, subject to plan, custodian, tax and offering requirements.
If This Describes You, It Is Worth You Finding Out More
Real Estate for Income. Bitcoin for Forever.
Your Bitcoin stays in your hands. Real estate pays the bills.
This fund is limited to 100 beneficial owners by Section 3(c)(1), Investment Company Act of 1940