Grant Cardone Makes $100M Bitcoin Bet, Merging Crypto with Real Estate Strategy
Prominent real estate investor Grant Cardone has taken a significant step into the world of crypto, revealing that his firm, Cardone Capital, has added 1,000 BTC—worth over $100 million—to its balance sheet.
Sharing the news on X (formerly Twitter), Cardone described the move as groundbreaking for the industry: “CardoneCapital adds 1,000 BTC to balance sheet, becoming the first-ever real estate/BTC company integrated with a full BTC strategy, combining the two best-in-class assets.”
At current market prices, the purchase positions Cardone Capital among the top 30 corporate bitcoin holders globally, nearing the 29th spot, according to data from bitcointreasuries.
Cardone Capital already manages an impressive portfolio, including 14,200 residential units and over half a million square feet of Class A office space. Cardone said the firm plans to expand even further, aiming to acquire an additional 3,000 BTC and 5,000 more residential units before the end of the year.
Earlier this year, CoinDesk reported Cardone’s strategy to funnel cash flow from real estate operations into bitcoin, signaling his belief in crypto as a cornerstone of long-term wealth building.
