Real estate investor Grant Cardone’s firm, Cardone Capital, has added 1,000 BTC to its balance sheet, marking a pioneering move as a real estate company integrating a full Bitcoin strategy.
Cardone announced on X that the purchase, valued at over $100 million at current market prices, positions Cardone Capital among the top 30 corporate Bitcoin holders worldwide, close to the 29th largest holder according to bitcointreasuries.
The firm currently manages 14,200 residential units and over 500,000 square feet of Class A office space. Cardone revealed plans to acquire an additional 3,000 BTC and expand its residential portfolio by 5,000 units before year-end.
Earlier this year, Cardone indicated in a January report by CoinDesk his strategy to use real estate cash flow to fund Bitcoin acquisitions, signaling a long-term commitment to cryptocurrency investment.