This latest acquisition follows a previous purchase of 130 BTC and signals an aggressive push toward the firm’s long-term goal of holding 10,000 Bitcoin. Cardone’s strategy relies on a unique treasury model that funnels rental income from multifamily properties directly into digital assets. Instead of distributing all cash flow to investors, the firm utilizes revenue from holdings—such as a 366-unit apartment complex in Boca Raton—to fuel its dollar-cost-averaging approach.
In section Cryptocurrency
Grant Cardone Adds $18M in Bitcoin Amid Market Dip
Grant Cardone is betting big on a downturn, with his real estate firm, Cardone Capital, scooping up 282 Bitcoin for approximately $18 million. The move comes as the cryptocurrency struggles to maintain its footing near the $63,000 mark, pressured by escalating geopolitical friction between Israel and Lebanon.
The firm’s integration of real estate and crypto extends to its investment products. Cardone recently highlighted the 10X Miami River Bitcoin Fund, which pairs a 346-unit complex with $15 million in BTC. He claims this hybrid structure offers annual returns between 22% and 32%, attracting investors who previously lacked exposure to digital assets. Beyond treasury accumulation, Cardone has explored blockchain utility, notably listing a $42 million Golden Beach property on the Propy marketplace to facilitate transactions via decentralized title registries. With a target of 3,000 BTC by 2026, the firm continues to treat Bitcoin as a core component of its balance sheet, distinguishing itself from traditional real estate investment trusts.
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