Cardone Capital adds 1,000 bitcoins to its reserve
The CEO of Cardone Capital, Grant Cardone, announced on June 21 that the equity fund manager had fully integrated a Bitcoin strategy by purchasing ~1K BTC. Strategy’s founder and Bitcoin advocate, Michael Saylor, congratulated the move, replying to Cardone with, “Congratulations on acquiring 1000 BTC.”
The American real estate mogul revealed that the $5B group currently had over 14.2K units to its name and was looking forward to adding 5K units this year, along with another purchase of about 3K BTC. The strategy combines cash-flowing real estate with Bitcoin’s long-term upside, creating a portfolio that Cardone described as “two best-in-class assets.” The Cardone Capital Group said it was ready to partner with Grant to invest in “cryptorized” real estate.
Cardone Capital invests $15.6M in BTC to diversify beyond real estate
On June 20th, the group revealed that it acquired 150 BTC worth around $15.6 million as part of its plan to diversify holdings beyond real estate. Grant had claimed almost a week earlier, on June 14th, that real estate market was broken and he was going to fix it using the real estate/BTC model. He said this as the group unveiled a $1.6 billion five-year dual-asset investment strategy that would increase Bitcoin investments and reduce focus on real estate. Grant further explained that this was the fifth fund this year, and the “Boca Deal” was almost filled.
A summary infographic report showed that the group planned to reduce real estate allocations from 77% in year one to 45% in year five. It also showed that BTC allocations would increase from 33% to 66% within the same period. The data also revealed that the company had so far invested nearly $100 million in Bitcoin and over $1 billion in real estate, with plans to increase future investments by a minimum of $5 million.
According to the Cardone Capital Group, its initial BTC position allocated $290 million to buy 2.914K BTC at an average price of $100K per BTC. The group claimed that additional BTC would be purchased using $140 million of monthly cash flow from real estate holdings within the next five years. The company added that it would invest in institutional-grade cold storage to ensure security and align its long-term BTC hold strategy with macro Bitcoin market cycles.
Cardone joins a growing list of institutions adopting Bitcoin reserves
A U.S. SEC filing earlier this month revealed that Hong Kong-based real estate and logistics company Reitar Logtech planned to purchase up to $1.5 billion in Bitcoin as part of its treasury diversification strategy. John Chan, Chairman and CEO of Reitar Logtech, said the treasury diversification initiative emphasized his company’s commitment to maintain a strong financial foundation while scaling its global logistics technology platform.
DDC Enterprise also raised approximately $528 million to accelerate its Bitcoin treasury strategy. The company’s founder, Chairwoman, and CEO, Norma Chu, said the funding was expected to propel DDC into one of the top global corporate Bitcoin holders.
Prenetics also became the first healthcare firm to launch a Bitcoin treasury strategy with a $20 million BTC purchase. The company acquired 187.42 BTC at an average price of $106,712 and stated that its board had approved allocating the majority of its $117 million balance sheet to Bitcoin. Prenetics plans to expand its Bitcoin holdings through institutional capital partnerships and to implement advanced return strategies. It also plans to accept Bitcoin payments across its direct-to-consumer platforms, including IM8 Health and CircleDNA.
Metaplanet, Strategy, Tesla, MARA, and others continued to acquire more BTC as two academic researchers, Murray Rudd and Dennis Porter, predicted that Bitcoin could soar to $4.3 million by 2036 if these institutional buying trends continued. Rudd and Porter employed pure mathematical modeling to analyze Bitcoin’s market dynamics.
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Cardone Capital adds 1,000 bitcoins to its reserve
The CEO of Cardone Capital, Grant Cardone, announced on June 21 that the equity fund manager had fully integrated a Bitcoin strategy by purchasing ~1K BTC. Strategy’s founder and Bitcoin advocate, Michael Saylor, congratulated the move, replying to Cardone with, “Congratulations on acquiring 1000 BTC.”
The American real estate mogul revealed that the $5B group currently had over 14.2K units to its name and was looking forward to adding 5K units this year, along with another purchase of about 3K BTC. The strategy combines cash-flowing real estate with Bitcoin’s long-term upside, creating a portfolio that Cardone described as “two best-in-class assets.” The Cardone Capital Group said it was ready to partner with Grant to invest in “cryptorized” real estate.
Cardone Capital invests $15.6M in BTC to diversify beyond real estate
On June 20th, the group revealed that it acquired 150 BTC worth around $15.6 million as part of its plan to diversify holdings beyond real estate. Grant had claimed almost a week earlier, on June 14th, that real estate market was broken and he was going to fix it using the real estate/BTC model. He said this as the group unveiled a $1.6 billion five-year dual-asset investment strategy that would increase Bitcoin investments and reduce focus on real estate. Grant further explained that this was the fifth fund this year, and the “Boca Deal” was almost filled.
A summary infographic report showed that the group planned to reduce real estate allocations from 77% in year one to 45% in year five. It also showed that BTC allocations would increase from 33% to 66% within the same period. The data also revealed that the company had so far invested nearly $100 million in Bitcoin and over $1 billion in real estate, with plans to increase future investments by a minimum of $5 million.
According to the Cardone Capital Group, its initial BTC position allocated $290 million to buy 2.914K BTC at an average price of $100K per BTC. The group claimed that additional BTC would be purchased using $140 million of monthly cash flow from real estate holdings within the next five years. The company added that it would invest in institutional-grade cold storage to ensure security and align its long-term BTC hold strategy with macro Bitcoin market cycles.
Cardone joins a growing list of institutions adopting Bitcoin reserves
A U.S. SEC filing earlier this month revealed that Hong Kong-based real estate and logistics company Reitar Logtech planned to purchase up to $1.5 billion in Bitcoin as part of its treasury diversification strategy. John Chan, Chairman and CEO of Reitar Logtech, said the treasury diversification initiative emphasized his company’s commitment to maintain a strong financial foundation while scaling its global logistics technology platform.
DDC Enterprise also raised approximately $528 million to accelerate its Bitcoin treasury strategy. The company’s founder, Chairwoman, and CEO, Norma Chu, said the funding was expected to propel DDC into one of the top global corporate Bitcoin holders.
Prenetics also became the first healthcare firm to launch a Bitcoin treasury strategy with a $20 million BTC purchase. The company acquired 187.42 BTC at an average price of $106,712 and stated that its board had approved allocating the majority of its $117 million balance sheet to Bitcoin. Prenetics plans to expand its Bitcoin holdings through institutional capital partnerships and to implement advanced return strategies. It also plans to accept Bitcoin payments across its direct-to-consumer platforms, including IM8 Health and CircleDNA.
Metaplanet, Strategy, Tesla, MARA, and others continued to acquire more BTC as two academic researchers, Murray Rudd and Dennis Porter, predicted that Bitcoin could soar to $4.3 million by 2036 if these institutional buying trends continued. Rudd and Porter employed pure mathematical modeling to analyze Bitcoin’s market dynamics.
Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Read More