Cardone Capital Expands Bitcoin Holdings with $18 Million Purchase
- Cardone Capital acquired an additional 282 BTC, valued at approximately $18 million.
- The purchase was made as Bitcoin prices dipped to around $62,000 amid geopolitical tensions.
- This follows a previous acquisition of 130 BTC for roughly $9.7 million during a market downturn.
- In May, Grant Cardone announced the firm added another $100 million in Bitcoin as part of a larger real estate transaction worth about $235 million.
- Cardone believes combining Bitcoin and real estate could yield returns between 22% and 32%.
The recent acquisition aligns with Cardone Capital’s strategy to integrate Bitcoin exposure with income-producing real estate properties, aiming for a hybrid investment model that traditional real estate investment trusts cannot adopt.
With this latest purchase, Cardone Capital has now invested significantly in Bitcoin, demonstrating its commitment to expanding its cryptocurrency portfolio alongside real estate investments.
