Cardone Capital invests $10M in Bitcoin amid price dip
4.7 Investments Cardone Capital invested $10M in Bitcoin during a price dip, expanding its hybrid real estate and crypto strategy. The firm now holds about 1,000 BTC, aiming for long-term growth and diversification.
Cardone Capital, a real estate investment firm, has announced a $10 million investment in Bitcoin, further expanding its hybrid strategy that blends institutional real estate with digital assets. This move follows recent Bitcoin price volatility, with the cryptocurrency dropping from above $95,000 to below $92,000 amid geopolitical tensions. The firm has a track record of acquiring Bitcoin during market dips, aiming to capitalize on lower prices and enhance long-term returns. With this latest purchase, Cardone Capital’s estimated Bitcoin holdings have reached approximately 1,000 BTC. Cardone Capital funds its ongoing Bitcoin acquisitions using cash flow from its real estate portfolio, reducing reliance on debt or external capital. This approach reflects a broader trend of institutional adoption of cryptocurrencies, as the firm seeks to diversify and grow its portfolio for long-term value.
