Cardone Capital Buys 1,000 BTC In New Hybrid Crypto Strategy
Grant Cardone's firm, Cardone Capital, has made its first Bitcoin purchase, acquiring 1,000 BTC valued at over $101 million. This positions Cardone Capital as the first real estate company to integrate a full Bitcoin strategy. The firm plans to add another 3,000 BTC to its treasury this year. Cardone Capital, launched in 2017, manages over 14,000 multifamily residential units with approximately $5.1 billion in assets. In May, the firm introduced the 10X Miami River Bitcoin Fund, combining real estate and Bitcoin investments. Additionally, Japanese firm Metaplanet announced the acquisition of 1,111 BTC, raising its total to 11,111 BTC worth around $1.12 billion. Michael Saylor of Strategy hinted at further Bitcoin purchases, suggesting ongoing interest in expanding digital asset holdings.
