Crypto
Cardone Capital Bids $3.06 Million on 40 BTC Amid Price and Replacement Gap
Grant Cardone's investment firm, Cardone Capital, has made a significant move in the cryptocurrency market. The company has acquired 40 BTC at $76,500 each, with the goal of bridging the price and replacement gap using Bitcoin. This acquisition highlights Cardone's continued interest in incorporating Bitcoin into its investment strategy.
The action follows previous announcements from Cardone Capital to increase its allocation of BTC for a real estate project from 350 BTC to 900 BTC. Earlier this year, Grant Cardone put his 2024 Global 7500 jet up for sale at $80 million due to U.S. restrictions on Bombardier sales.