Grant Cardone, the well -known real estate investor, has announced that his firm, Cardone Capital, added 1,000 BTC to his balance.
“Cardonecapital adds 1,000 BTC to the general balance, becoming the first real estate/BTC company integrated with the complete BTC strategy that combines the two best assets in the class,” Cardone said in a post X.
At current market prices, the purchase is worth just over $ 100 million. If Cardone Capital were a company that is quoted in the stock market, this acquisition would be located among the 30 main corporate Bitcoin headlines worldwide, qualifying near the largest 29, according to Bitcintrease.
Cardone revealed that Cardone Capital currently owns 14,200 residential units and more than half a million square feet of class A. The firm expects to add another 3,000 BTC and 5,000 residential units before the end of the year.
In January, Coindesk reported Cardone’s intention to use real estate cash to acquire Bitcoin, pointing out a long -term cryptographic investment strategy.
