Grant Cardone, founder and CEO of Cardone Capital, said on the 21st through X that "we are the first to fully integrate real estate and Bitcoin."
He described his strategy as "combining two of the most advanced assets, real estate and Bitcoin," and said, "I plan to buy 3,000 Bitcoin by the end of this year."
The deal is valued at approximately $101 million at current market prices, with Cardon Capital investing in Core
It ranks higher in Bitcoin holdings than mining companies like Scientific and Cipher Mining.
Capital is a private equity-based real estate investment firm founded in 2017 that raises investor capital to invest in multifamily properties. It currently has approximately 14,000 properties in circulation.
The company owns more than 1,000 units and has $5.1 billion in assets under management. Last May, Cardon Capital acquired a 346-unit multifamily commercial property located near My Army River.
The company has previously launched the 10X MyARMY River Bitcoin Fund, a multi-asset fund made up of real estate and $15 million in Bitcoin.
At the time, Kardon said in an interview with Cointelegraph that he was “buying real estate, adding Bitcoin, and then exiting the property.”
"The idea to create a fund to use the cash flow from Bitcoin to buy more Bitcoin was inspired by my brother."
2025/06/24 10:27 KST
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