- Cardone Capital plans to acquire $300 million in Bitcoin, increasing its crypto holdings to over $400 million by year-end.
- The new 10X Miami River Bitcoin Fund combines rental real estate income with Bitcoin purchases to form a hybrid investment model.
- Major firms, including MicroStrategy and Tesla, continue to drive institutional adoption of Bitcoin as part of long-term asset strategies.
Cardone Capital, led by entrepreneur and real estate investor Grant Cardone, has announced its plan to acquire an additional $300 million worth of Bitcoin. The firm currently holds Bitcoin valued at more than $100 million. With this move, Cardone Capital may exceed $400 million in Bitcoin holdings by the end of the year.
Cardone Capital operates with more than 5 billion dollars under its management. Presently, the company owns over 14,200 rental properties as well as an excess of 500,000 square feet of commercial office space. The firm of investors is currently adopting Bitcoin in its larger portfolio in an effort to appeal to both conventional and digital oriented customers.
Launch of the 10X Miami River Bitcoin Fund
The firm recently launched the 10X Miami River Bitcoin Fund, combining a 346-unit multifamily property in Miami with $15 million in Bitcoin holdings. This strategy aims to convert a portion of rental income into Bitcoin, establishing a cycle between real estate revenue and cryptocurrency accumulation.
This fund marks the fourth hybrid investment vehicle developed by Cardone Capital, reflecting a consistent interest in combining property assets with digital currency exposure. The concept originated from a suggestion by Grant Cardone’s brother and has now become a key direction for the firm’s future initiatives.
Institutional Interest in Bitcoin Expands
Cardone’s strategic move follows a trend seen among institutional investors. Companies such as MicroStrategy, Galaxy Digital, and Tesla have invested heavily in Bitcoin. MicroStrategy alone holds more than 592,000 Bitcoin, worth over $60 billion. Tesla and Galaxy Digital hold approximately 11,500 and 12,800 BTC, respectively.
While Bitcoin’s price currently hovers around $102,000, institutions remain focused on long-term gains. Michael Saylor of MicroStrategy has projected significant growth in Bitcoin’s value over the coming decades, though with expected market volatility.
