Cardone Capital Adds 1,000 BTC to Balance Sheet
2025-07-02 05:45:18
Main Idea
Cardone Capital, a private equity firm, has acquired 1,000 BTC worth over $100 million, integrating bitcoin into its investment strategy alongside real estate.
Key Points
1. Cardone Capital announced the acquisition of 1,000 BTC on June 27, valued at over $100 million.
2. The firm's '10X Miami River Bitcoin Fund' invests in both bitcoin and a 346-unit multifamily commercial property in Miami.
3. The move reflects a strategy to combine bitcoin with traditional real estate investments.
Description
Real estate tycoon Grant Cardone’s private equity firm Cardone Capital announced a 1,000 BTC acquisition on Friday, June 27. The bitcoin ( BTC) is worth more than $100 million at current prices and is part of Cardone’s foray into implementing a bitcoin treasury strategy after a curious meeting he had with Michael Saylor, Chairman of
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