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Cardone Capital Bitcoin Acquisition

Published 18 hours ago3 minute read
Cardone Capital Bitcoin Acquisition

Traditional corporate finance is witnessing a significant paradigm shift as leading firms, particularly within the real estate sector, begin to integrate digital assets like Bitcoin into their treasury strategies. This burgeoning trend is exemplified by real estate mogul Grant Cardone, who recently announced Cardone Capital's first substantial Bitcoin acquisition, signaling a pioneering move in the industry.

Cardone Capital, a private equity real estate firm established in 2017 that manages over 14,000 multifamily residential units with an estimated $5.1 billion in assets, has added 1,000 Bitcoin (BTC) to its balance sheet. CEO Grant Cardone declared this makes them the "first ever real estate/Bitcoin company integrated with full BTC strategy," aiming to combine the "two best-in-class assets." The firm intends to expand this digital asset allocation significantly, with plans to acquire an additional 3,000 BTC within the current year. This initial purchase alone is valued at over $101 million at present market prices, positioning Cardone Capital's Bitcoin holdings above those of several dedicated mining firms.

Further demonstrating this innovative approach, Cardone Capital launched the 10X Miami River Bitcoin Fund in May. This dual-asset fund comprises a 346-unit multifamily commercial property on the Miami River and a $15 million allocation in Bitcoin. Grant Cardone explained the inspiration behind this strategy, citing his brother's idea to "create a fund where we buy real estate, add Bitcoin, and then use the cash flow from the real estate purchase to buy more Bitcoin." This strategic integration underscores a commitment to leveraging traditional asset income to build a growing digital asset reserve.

Cardone Capital is not alone in this corporate adoption wave. Japanese Bitcoin investment strategy firm Metaplanet has also been aggressively increasing its treasury holdings, announcing the acquisition of an additional 1,111 BTC. This latest purchase, made at a price of $105,700 per Bitcoin, brings Metaplanet's total holdings to an impressive 11,111 BTC, valued at approximately $1.12 billion. Meanwhile, MicroStrategy founder Michael Saylor, a vocal proponent of corporate Bitcoin adoption, has continued to hint at further acquisitions, regularly posting portfolio updates that often precede new purchases.

The actions taken by Cardone Capital, Metaplanet, and others highlight a broader trend among asset-heavy companies to incorporate digital assets. This strategy aims to diversify portfolios, strengthen long-term resilience, and position Bitcoin as a store of value. Companies are increasingly recognizing Bitcoin's potential to mitigate inflation and spread risk, leading to a reshaping of traditional reserve management policies. As the financial landscape continues to evolve, the bold steps by these firms signify increasing acceptance and integration of Bitcoin as a tool for growth and financial stability in conventional economic sectors.

From Zeal News Studio(Terms and Conditions)
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