Cardone Capital has become the first real estate investment firm that has adopted a large-scale Bitcoin Treasury strategy after it has added approximately 1000 Bitcoin to its balance.
According to CEO Grant Cardone, the movement marks the integration of “the two best-in-class assets”, in which real estate is combined with Bitcoin as part of his broader investment strategy.
The transaction was appreciated at around $ 101 million based on current market prices, and positions the company prior to crypto -mining companies such as Core Scientific and Cipher Mining in terms of BTC Holdings.
Furthermore, Cardone said that his company intends to acquire to 3,000 BTC towards the end of 2025.
At the current price levels, this would bring the total BTC interests of Cardone Capital to more than $ 400 million, which strengthens the place under the best institutional holders of the digital actively.
Cardone Capital currently manages more than $ 5 billion in assets, including more than 14,200 rent units and 500,000 square foot office space.
Momentum for the Bitcoin Treasury strategy of Cardone Capital seems to have emerged from his earlier attempt to integrate digital assets into his real estate portfolio.
The company launched the 10x Miami River Bitcoin Fund In May, real estate and cryptocurrency combine in a single investment vehicle. It includes an apartment complex of 346 units on the Miami River, in combination with $ 15 million in Bitcoin.
Part of the rental income from the property was reserved for conversion in BTC, creating a built -in mechanism for continuous accumulation of digital assets.
However, the interest of Grant Cardone in Blockchain technology dates from before these recent initiatives.
At the beginning of 2024, he mentioned his $ 42 million Golden Beach-Double good on Propy, a blockchain-based real estate platform. The platform uses a decentralized title register and the Escrow protocol to facilitate safe transactions and offers property for sale in both Bitcoin and USD.
“We are all busy with blockchain and revolutionize the property,” he said at the time, and added that seamless and unchanging transactions represented the future of industry.
In addition to the real estate mogul, a number of other public companies have announced Bitcoin acquisitions this week.
For example, Parataxis Holdings, a New York -based investment firm, revealed his plan to acquire the Bridge Biotheraputics of South Korea for around $ 18 million. The deal, awaiting the approval of the shareholders, will convert the Kosdaq-Gente Biotech company into Parataxis Korea, a listed Bitcoin-Native Treasury company.
Parataxis said that the renewed entity will follow a long-term BTC accumulation strategy, while continuing his biotech activities under a double business model.
Earlier in the week, the Canadian digital assets company Universal Digital plans confirmed to exchange and exchange its Altcoin companies for Bitcoin.
