Key Points:

• Cardone Capital has acquired 1,000 BTC worth approximately $100 million.
• The acquisition positions the firm among the larger corporate Bitcoin holders globally.
• Plans are in place to add an additional 3,000 BTC to their portfolio, along with 5,000 residential units by the end of the year, effectively merging real estate with crypto finance.

Grant Cardone, well-regarded in real estate, confirmed that his firm, Cardone Capital, has incorporated 1,000 BTC into its balance sheet.

“CardoneCapital adds 1,000 BTC to balance sheet becoming first ever real estate/BTC company integrated with full BTC strategy combining the two best in class assets,” Grant Cardone stated in a post on X.

At the current valuation, this purchase is valued over $100 million. If Cardone Capital were publicly traded, this transaction would rank them among the top 30 corporations holding Bitcoin, specifically around the 29th position, as per Bitcoin Treasuries.

Cardone revealed that the company currently manages 14,200 residential units and over half a million square feet of Class A office space. The firm anticipates acquiring an extra 3,000 BTC and increasing their housing units by 5,000 before year-end.

Earlier this year, CoinDesk had reported Cardone’s ambitions to utilize real estate cash flow for Bitcoin purchasing, reflecting a robust long-term investment strategy in cryptocurrency.