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Cardone Capital has made a significant move by acquiring $101 million worth of Bitcoin (BTC), marking a new era for the real estate investment firm. What’s even more impressive is that they’re not done yet – they plan to add another 3,000 Bitcoins to their portfolio.
This bold step marks a shift in the way institutions approach long-term value creation, and it seems like Cardone Capital is leading the charge. With over $5 billion in assets under management, they’re now outpacing other crypto-native firms like Core Scientific and Cipher Mining in terms of Bitcoin holdings.
So, what’s behind this move? According to CEO Grant Cardone, the decision is a fusion of “the two best-in-class assets.” It seems that by combining real estate with digital assets, they’re creating a new strategy for long-term value creation.
Source: ambcrypto.com
