Grant Cardone, the well -known real estate investor, has announced that his company, Cardone Capital, has added 1,000 BTC to his balance.
“Cardonecapital adds 1,000 BTC to Balance, which will be the first time to the property/BTC company integrated with full BTC strategy, combining the two best in the class’s assets,” Cardone said in an X post.
At the current market prices, the purchase is worth just over $ 100 million. If Cardone Capital was a listed company, this acquisition would place it among the 30 best company’s Bitcoin holders globally and place near the 29th largest, according to Bitcointreasuries.
Cardone continued to reveal that Cardone Capital currently has 14,200 housing units and over half a million square meters in Class A office. The company expects to add another 3,000 BTC and 5,000 housing units before the year ends.
Back in January, Coindesk Cardone’s intention to use real estate reported cash flow to acquire Bitcoin, signaling a long -term cryptoin investment strategy.
