Grant Cardone’s real estate firm, Cardone Capital, has acquired 1,000 Bitcoin as part of a new treasury strategy that merges real estate and crypto investments. This significant purchase, valued at over $101 million, positions Cardone Capital ahead of several mining firms in Bitcoin holdings. The firm has plans to acquire an additional 3,000 BTC within the year. Cardone Capital, which launched in 2017, focuses on pooling investor capital to purchase multifamily residential properties and currently manages assets exceeding $5.1 billion. In May, the firm introduced the 10X Miami River Bitcoin Fund, combining real estate investments with Bitcoin. Cardone revealed that his motivation for this strategy was inspired by his brother, aiming to leverage cash flow from real estate to increase Bitcoin holdings. Other firms, such as Metaplanet, are also actively expanding their Bitcoin treasuries, with recent acquisitions reinforcing a trend toward integrating Bitcoin within investment strategies across various sectors.

Source 🔗