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Grant Cardone just put real skin in the crypto game. His firm, Cardone Capital, plans to buy $300 million worth of Bitcoin. That’s not a typo. Three hundred million.
Cardone Capital manages over $5 billion in real estate. It owns more than 14,000 rental units and lots of office space. But now, it wants to mix that with crypto.
Why So Much Bitcoin?
Cardone wants to buy up to 3,000 more Bitcoins. At today’s price—around $102,000 each—that’s a serious stash. If he pulls it off, the firm’s Bitcoin pile could top $400 million by year-end.
New Fund Mixes Rent and Bitcoin
They’ve also launched something called the 10X Miami River Bitcoin Fund. It bought a 346-unit rental property along the Miami River—and $15 million in Bitcoin.
Here’s the kicker: They’ll turn some rent payments into Bitcoin every month. It’s like recycling rent into digital gold.
This is Cardone’s fourth fund that blends real estate with crypto. He said his brother actually came up with the idea. If they’d done this earlier, he claims they might’ve turned $160 million into $3 billion. Ouch.
Institutional Bitcoin Boom
Cardone’s not alone. MicroStrategy, Tesla, and Galaxy Digital hold mountains of Bitcoin. MicroStrategy alone owns over 592,000 BTC. That’s more than $60 billion!
Tesla’s stash? Around 11,500 BTC. Galaxy Digital? Nearly 13,000.
Michael Saylor, the bold guy behind MicroStrategy, predicts Bitcoin could hit $21 million per coin in two decades. Okay, he’s dreaming big—but institutional love for BTC is very real.
