Bitcoin News Today: Cardone Capital Buys 1000 Bitcoin Units as It Expands Into Crypto Market

Cardone Capital, a real estate investment firm managing over $5 billion in assets, has made a major move into the cryptocurrency market by acquiring 1,000 Bitcoin units valued at approximately $100 million [1]. Announced by CEO Grant Cardone via social media, the purchase is part of a broader strategy to integrate digital assets into the firm’s financial framework and position it as a bridge between real estate and Bitcoin [1]. The acquisition, made during a period of relative weakness in Bitcoin’s price, is seen as a strategic entry point for institutional investors [2].

The firm has outlined a long-term plan to invest an additional $300 million into Bitcoin by year-end, aiming to bring its total holdings to 4,000 BTC [1]. This strategy reflects a growing trend among asset managers to diversify beyond traditional real estate portfolios and include alternative assets like Bitcoin. Cardone Capital describes Bitcoin and real estate as “the two best-in-class assets,” highlighting a dual-asset approach to value creation and financial independence [1].

To operationalize this strategy, the firm has launched the 10X Miami River Bitcoin Fund, a dual-asset investment vehicle combining real estate and cryptocurrency exposure [3]. This development underscores a shift in institutional thinking, where Bitcoin is increasingly viewed as a store of value and a hedge against macroeconomic uncertainty [1]. Analysts suggest that Cardone Capital’s move may signal a broader shift in institutional adoption, similar to the strategies employed by firms like MicroStrategy, which historically saw positive market reactions to large-scale Bitcoin purchases [1].

The purchase has elevated Cardone Capital to the ranks of the top 30 corporate Bitcoin holders globally, potentially influencing market dynamics and investor sentiment [1]. The firm’s bold approach highlights a growing confidence in Bitcoin’s long-term potential, despite the regulatory and market uncertainties that often accompany large institutional investments.

Sources:

[1] Grant Cardone emphasizes mental shift for financial freedom https://tradersunion.com/news/market-voices/show/410310-grant-cardone-mindset/

[2] Cointelegraph - X https://x.com/cointelegraph?lang=en

[3] Miami Commercial Real Estate News, Trends, Observations https://www.hawkinscre.com/page/2/