Real estate tycoon Grant Cardone has revealed that his firm, Cardone Capital, has entered the crypto space with its first-ever Bitcoin acquisition—marking a bold step toward integrating digital assets into its investment strategy.
The private equity firm has acquired 1,000 Bitcoin, worth roughly $101 million at today’s prices, signaling what Cardone called a fusion of “two top-tier assets”—real estate and Bitcoin. In a post shared on X over the weekend, Cardone highlighted that the company intends to purchase an additional 3,000 BTC over the remainder of the year.
This move positions Cardone Capital above well-known crypto mining companies like Core Scientific and Cipher Mining in terms of BTC holdings, according to BiTBO data.
Founded in 2017, Cardone Capital specializes in acquiring multifamily properties using pooled investor funds. The firm currently manages over 14,000 residential units and oversees an estimated $5.1 billion in assets.
Launching a Dual-Asset Fund
Back in May, Cardone Capital introduced the 10X Miami River Bitcoin Fund—a unique investment vehicle combining a 346-unit multifamily property in Miami with $15 million allocated to Bitcoin. The idea, according to Grant Cardone, was inspired by his brother and aims to use rental income to accumulate more BTC over time.
Metaplanet and Saylor Also in the Game
Cardone Capital isn’t alone in its bullish stance on Bitcoin. Japanese firm Metaplanet, known for its aggressive Bitcoin accumulation strategy, added another 1,111 BTC this past week. With this purchase—made at $105,700 per coin—Metaplanet’s total BTC stash now stands at 11,111 BTC, worth about $1.12 billion.
Meanwhile, MicroStrategy founder Michael Saylor has once again teased a potential new BTC acquisition. His latest weekend post featured a portfolio update valued just shy of $61 billion and the phrase “Nothing Stops This Orange,” a phrase that often precedes a Monday buying announcement.
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