1 month ago
Grant Cardone, the well-known existent property investor, has announced that his firm, Cardone Capital, has added 1,000 BTC to its equilibrium sheet.
"CardoneCapital adds 1,000 BTC to equilibrium expanse becoming archetypal ever existent estate/BTC institution integrated with afloat BTC strategy combining the 2 champion successful people assets," said Cardone successful an X post.
At existent marketplace prices, the acquisition is worthy conscionable implicit $100 million. If Cardone Capital were a publically traded company, this acquisition would spot it among the apical 30 firm bitcoin holders globally, ranking adjacent the 29th largest, according to bitcointreasuries.
Cardone went connected to uncover that Cardone Capital presently holds 14,200 residential units and implicit fractional a cardinal quadrate feet of Class A bureau space. The steadfast expects to adhd different 3,000 BTC and 5,000 residential units earlier the twelvemonth ends.
Back successful January, CoinDesk reported Cardone’s volition to usage existent property currency travel to get Bitcoin, signaling a semipermanent crypto concern strategy.
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