Overview
- Cardone Capital's founder posted that the firm has roughly 2,700 BTC bought at an average near $59,000 and values the stake at about $159–$200 million based on reporting of the disclosures.
- The firm directs recurring apartment rental income into purchases inside the same LLC, a process Cardone describes as a disciplined way to buy more bitcoin when prices fall.
- Cardone has set targets to reach about 3,000 BTC this year and 10,000 BTC over time, but the holdings figure is self‑reported and no public filing yet independently verifies the total.
- The move comes as market flows have weakened, with major spot bitcoin ETFs seeing large net redemptions and a separate large holder creating a formal sales framework that allows some bitcoin sales.
- The plan carries risks because bitcoin price swings and any drop in rental cash flow would affect buying capacity, and technical indicators show prices near recent lower bands that have in the past preceded rebounds.