Overview
- Grant Cardone announced Friday that Cardone Capital bought 282 BTC, a transaction worth about $18 million based on prevailing prices near $62,000–$63,000.
- The firm funds these purchases by directing cash flow from selected multifamily properties into recurring Bitcoin buys using a dollar‑cost‑averaging approach held inside the same LLC as the real estate.
- This addition follows earlier buys that brought holdings to roughly 1,000 BTC after a $10 million January purchase and a recent 130 BTC buy during a market pullback.
- At Consensus 2026 Cardone disclosed an extra $100 million increase in Bitcoin allocation tied to about $235 million in real‑estate transactions and reiterated targets of 3,000 BTC by end‑2026 and 10,000 BTC long term.
- Cardone Capital is packaging property-plus-Bitcoin products such as the 10X Miami River fund and reports that many investors in these vehicles had no prior crypto exposure, a move that could broaden institutional demand for on‑balance‑sheet Bitcoin in real estate structures.