Cardone Capital purchased 100 Bitcoin for $11 million on Monday, taking advantage of BTC’s slight dip to $115,000 to bolster its crypto holdings. The move is part of the Miami-based real estate firm’s broader strategy to integrate Bitcoin with real estate investing. Led by Grant Cardone, the firm first made headlines in June with its initial 1,000 BTC acquisition, becoming the first real estate-focused company to fully pivot into Bitcoin.
Cardone Capital’s unique model leverages property-generated cash flow to acquire more BTC, aiming for a compounding effect. The company has already launched the 10X Miami River Bitcoin Fund, backed by a 346-unit property and $15 million in Bitcoin. Future plans include buying 3,000 more BTC and 5,000 residential units by year-end.
Cardone also used the announcement to criticize U.S. Fed policy, citing high interest rates as a major barrier to affordable housing and calling for lower borrowing costs to aid homebuyers.
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