After 3 reverse stock splits and a $13.5M loss, this real estate firm bet $8M on crypto it may not be allowed to withdraw
Real estate services company La Rosa Holdings put $8.14 million of digital assets on its March 31 balance sheet in a delayed first-quarter filing. How much could it actually use? The filing leaves that figure blank....
Bitcoin 1 Minute
A notable development has hit the crypto markets. Real estate services company La Rosa Holdings put $8. 14 million of digital assets on its March 31 balance sheet in a delayed first-quarter filing. How much could it actually use?
The filing leaves that figure blank. 74 million, total liabilities at $28. 34 million, and the stockholders’ deficit at $7.
Market Dynamics
Most of the balance was USDC and Frax USD in a restricted BitGo custodial account. Withdrawals, transfers, and other uses depend on compliance with La Rosa’s financing agreements. The company records the tokens at historical cost less impairment, recognizing gains above carrying value only when it sells or otherwise disposes of them.
Related Reading Stablecoins are moving more money while crypto’s cash pile gets smaller Stablecoins look stronger than ever as payment infrastructure and weaker than ever as crypto liquidity. Jul 13, 2026 Andjela Radmilac A senior secured convertible note with $11 million in principal, issued Jan. 9 million purchase price, sets one layer of control.
Substantially all assets bought with initial-closing proceeds sit under a first-priority security interest. Remaining assets carry a second-priority interest behind a separate February note’s first lien. La Rosa measured the note at $14.
Market Impact
57 million at quarter-end. It bears 10% annual interest, payable monthly, and matures 24 months after issuance. The investor also holds a separate token right.
If exercised, it entitles the investor to 50% of tokens bought with note-closing net proceeds and 56. 25% bought with certain other financing proceeds, with no further payment due from the investor. La Rosa carried a $5.
35 million current liability for the agreement. That figure measures the contract’s fair value. The restricted assets appear on a separate balance-sheet line.
Crypto markets are watching this development closely as investors weigh its potential impact on prices.
