Cardone Capital Boosts Bitcoin Holdings to Over 2,800 BTC Amid Real Estate Expansion
Cardone Capital, a U.S.-based real estate investment firm led by Grant Cardone, has significantly increased its Bitcoin holdings to over 2,800 BTC. This move follows the acquisition of a 282-unit apartment property in Naples, Florida, which is part of the company's hybrid strategy combining traditional real estate investments with cryptocurrency exposure.
The announcement comes after Cardone Capital purchased an additional 350 BTC yesterday, bringing its total to over 2,800 BTC. At current market prices, this stake is valued in the hundreds of millions of dollars. The exact purchase price and timing were not disclosed.
This development highlights a growing trend among institutional investors who are increasingly diversifying into digital assets alongside traditional property investments. By holding Bitcoin on the balance sheet, Cardone Capital is signaling confidence in the long-term value of cryptocurrency, despite its volatility.