Grant Cardone’s Cardone Capital Invests $10 Million in Bitcoin Amid Market Decline
- Cardone Capital has allocated an additional $10 million to Bitcoin, bringing its total holdings to nearly 1,000 BTC.
- The purchase was announced as Bitcoin traded at approximately $93,293, down by about 2% over the previous day.
- This investment strategy is funded through cash flow generated from U.S. multifamily real estate assets managed by Cardone Capital, valued at around $5.3 billion.
- Cardone Capital’s model focuses on long-term holding rather than short-term trading, with a mechanical accumulation approach for Bitcoin.
- The latest allocation follows a prior purchase of approximately 935 BTC made in November.
Grant Cardone’s firm continues to leverage real estate income for digital asset investments during market downturns, with the Boca Raton property expected to generate around $10 million annually for this purpose.
Cardone Capital’s recent $10 million investment reinforces its strategy of using operating income to accumulate Bitcoin during price declines.
