Real estate investment firm Cardone Capital, founded by entrepreneur Grant Cardone, has acquired 1,000 Bitcoin. This significant purchase forms part of a deliberate strategy to integrate cryptocurrency holdings directly into its real estate portfolio, signaling a novel fusion of traditional and digital asset classes.
The acquisition positions Cardone Capital with a notable corporate Bitcoin treasury, surpassing the holdings of certain Bitcoin mining companies. The firm has outlined plans to significantly increase its exposure, aiming to acquire an additional 3,000 Bitcoin within the current year.
In addition to direct holdings, Cardone Capital introduced the 10X Miami River Bitcoin Fund. This innovative fund combines ownership of a newly acquired 346-unit multifamily apartment building with a dedicated allocation of $15 million worth of Bitcoin within its underlying structure.
This move by Cardone Capital reflects a growing confidence among institutional investors regarding Bitcoin as a treasury asset. It aligns with a wider trend of diversification, exemplified by actions like Japan-based investment firm Metaplanet’s recent purchase of 1,111 Bitcoin for its own balance sheet.
The strategic acquisitions and the launch of the combined real estate/Bitcoin fund highlight an increasing institutional drive to blend traditional investments with digital asset exposure.