Neglect about hip-hop albums, you can now buy a 30% stake in a Californian winery in exchange for a couple of bitcoins.
Mondo Cellars, situated in the rolling hills of Paso Robles, is promoting a sizable chunk of its business in an effort to market the use of bitcoin. It is not a tiny enterprise, either.
The winery encompasses 80 acres and it produces white and red blends, which includes Syrah, Zinfandel and Mourvedre. It also features a little bed and breakfast, along with an on-site tasting space and outside occasion area.
Nonetheless, it is not just about acquiring a stake in a wine cellar. Mondo hopes to use cryptocurrency to get inventory, create buildings, plant new vineyards and pave roads.
Mondo wants to discover more vendors willing to embrace new currencies, such as bitcoin.
The winery is searching for up to 15 investors prepared to get a 2% stake every. The 2% shares are valued at $ 100,000 denominated in bitcoin. The investors will not only acquire an equity position in the winery, they will also get a few specific perks, other than the occasional free bottle of Zinfandel.
Doug Mondo, co-owner of the winery explained:
“Our selection to get significantly more involved in bitcoin and other cryptocurrency is a lot deeper than just ‘it looks like it is viable,’. It makes sense that bitcoin and other cryptocurrency holders that had been early adopters ought to diversify with a portion of their gains.”
The Mondo brothers are calling on investors to go to in individual for a wine tasting encounter and personal tour of the grounds.
They recently attended the Inside Bitcoin conference in Las Vegas where potential investors had the possibility to chat and sample their wines.
The Mondos argue that many bitcoin investors are just seeking to diversify into tangible assets. Much better but, these tangible assets take place to make wine and have a cosy bed and breakfast in the heart of California’s wine nation.
Vineyard image through Shutterstock
 
View You Can Acquire a 30% Stake in This Californian Winery With Bitcoins on CoinDesk.
You Can Buy a 30% Stake in This Californian Winery With Bitcoins
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