news 
Cardone Capital has made a bold move by acquiring $101 million worth of Bitcoin, with the intention to increase its holdings to 3,000 BTC by the end of the year. This significant investment is a testament to the growing acceptance of cryptocurrency as a treasury asset and a reflection of Cardone Capital’s forward-thinking approach.
In an unprecedented step, the real estate investment firm has combined two previously separate markets – traditional property investing and digital assets. This move sees Cardone Capital positioning itself among the largest institutional Bitcoin holders in the US real estate sector.
The company’s decision to invest in Bitcoin is not a recent development, as it can be traced back to 2024 when Grant Cardone listed a $42 million property on Propy, a decentralized platform for real estate. Since then, momentum has been building towards this point, with the launch of the 10X Miami River Bitcoin Fund serving as the catalyst.
The fund paired a 346-unit apartment complex with $15 million in BTC, creating a self-sustaining crypto treasury model that allows rental income from the property to be partially converted into Bitcoin. This innovative approach has set the stage for Cardone Capital’s current aggressive move into the cryptocurrency market.
Industry insiders have long been warning about the threat of institutional investors entering the market, and it appears that these warnings are now being realized. Parataxis Holdings, a New York-based firm, recently acquired Bridge Biotherapeutics, transforming it into a Bitcoin-native treasury firm. Similarly, Universal Digital, a Canadian crypto investment firm, has announced its decision to exit its altcoin positions in favor of a pure Bitcoin strategy.
The $101 million purchase is not an isolated incident, as Cardone Capital’s plans to add 3,000 more BTC indicate the extent of the company’s commitment to digital assets.
Source: ambcrypto.com
