Real estate mogul Grant Cardone has revealed Cardone Capital’s first foray into Bitcoin, marking a significant step as the firm adopts a digital asset treasury strategy.
In a post on X this Saturday, Cardone announced that Cardone Capital has added 1,000 Bitcoin to its balance sheet, calling it the “first ever real estate/Bitcoin company integrated with full BTC strategy.” The move reflects Cardone’s vision of “combining the two best-in-class assets”—real estate and Bitcoin.
Valued at over $101 million based on current market prices, the purchase positions Cardone Capital ahead of mining firms like Core Scientific and Cipher Mining in terms of Bitcoin holdings, according to data from BiTBO. Cardone also stated the firm plans to acquire an additional 3,000 BTC before the year’s end.
Founded in 2017, Cardone Capital is a private equity real estate firm that pools investor funds to acquire multifamily residential properties. The company currently oversees more than 14,000 units and manages approximately $5.1 billion in assets.
Real Estate and Bitcoin Investment Fund Launched
In May, the real estate investment firm introduced the 10X Miami River Bitcoin Fund—a dual-asset fund that combines a 346-unit multifamily property on the Miami River in Miami with a $15 million allocation in Bitcoin.
In an interview with Cointelegraph at the time, Grant Cardone shared that the idea was sparked by his brother, who encouraged him to “create a fund that invests in real estate, adds Bitcoin, and then uses the cash flow from the property to purchase even more Bitcoin.”
Metaplanet Reaches 11,111 Bitcoin Milestone
Cardone Capital isn’t the only firm making major Bitcoin moves this week. Japanese investment company Metaplanet has also expanded its Bitcoin treasury, announcing the purchase of an additional 1,111 BTC on Monday.
Acquired at a price of $105,700 per Bitcoin, the latest buy brings Metaplanet’s total holdings to 11,111 BTC—valued at approximately $1.12 billion based on current market prices.
Saylor Signals More Bitcoin Ahead in Strategy
Meanwhile, MicroStrategy founder Michael Saylor has hinted at another upcoming Bitcoin purchase, sharing his usual weekend portfolio tracker post—a move that has often preceded Monday acquisitions in recent weeks.
“Nothing Stops This Orange,” Saylor captioned the chart, which displayed a treasury value just shy of $61 billion.
