Cardone Capital Shakes Up Real Estate with Massive Bitcoin Move

Hold onto your hats, folks! Cardone Capital just rocked the real estate world by diving deep into Bitcoin, adding a whopping 1000 BTC to their stash. That's right, they're the first real estate crew to go all in on a Bitcoin treasury strategy!

CEO Grant Cardone is pumped, calling this move a blend of "the two best-in-class assets." He's merging real estate with Bitcoin, and he's not messing around.

Cardone Capital's tweeting about it, too: "CardoneCapital adds ~1000 BTC to balance sheet becoming first ever real estate/btc company integrated with full BTC strategy, combining the two best in class assets. 14,200 units plus half million square feet of A* office the group expects to add another 3000 BTC and 5000 units…"

This bold move cost them around $101 million at today's prices, putting them ahead of crypto miners like Core Scientific and Cipher Mining in the Bitcoin game.

But Cardone's not stopping there. He's aiming to grab up to 3,000 more BTC by the end of 2025.

At current prices, that would push Cardone Capital's Bitcoin hoard over $400 million, making them a heavyweight in the institutional Bitcoin scene.

These guys are no small potatoes, either. They're managing over $5 billion in assets, including more than 14,200 rental units and 500,000 square feet of office space.

Cardone Capital's Bitcoin buzz started building when they tried mixing digital assets with their real estate portfolio.

In May, they launched the 10X Miami River Bitcoin Fund, a wild combo of real estate and crypto in one investment vehicle. It's a 346-unit apartment complex on the Miami River, plus $15 million in Bitcoin.

They're even using rental income to keep buying more BTC, creating a non-stop Bitcoin growth machine.

But Cardone's been all about blockchain in real estate way before this. Back in early 2024, he put his $42 million Golden Beach property on Propy, a blockchain-based real estate platform.

He's all in, saying, "We are all in on blockchain revolutionizing real estate," and he believes seamless, unchangeable transactions are the future of the industry.

Cardone's not the only one making waves, though. Other big names are jumping on the Bitcoin bandwagon this week.

Take Parataxis Holdings, a New York investment firm. They're planning to buy South Korea's Bridge Biotherapeutics for about $18 million and turn it into Parataxis Korea, a Bitcoin-focused public treasury firm.

Parataxis says this new setup will keep doing biotech while stacking Bitcoin for the long haul.

And earlier this week, Canadian digital assets firm Universal Digital announced they're ditching their altcoins for Bitcoin.

The crypto world is buzzing, and it's clear: Bitcoin's making big moves in real estate and beyond!