Record BTC purchases: Grant Cardone heads to 4,111 BTC and changes the face of real estate investing

Record BTC purchases: Grant Cardone heads to 4,111 BTC and changes the face of real estate investing

Enter a world where a real estate mogul is tapping into cryptocurrencies and pushing the boundaries of investing. Grant Cardone, a well-known entrepreneur and investor, has just announced a revolutionary move that combines real estate with digital assets. His company, Cardone Capital, has bought 1,000 Bitcoins for over $101 million and plans more purchases, truly making him one of the most important players in the crypto world.

New strategy: real estate and Bitcoin in one package

Grant Cardone has decided to transform his approach to managing his finances. On Saturday, he announced on social network X (formerly Twitter) that his firm is "the first real estate company in the market to fully integrate Bitcoin into its treasury strategy." The move represents a merger of two of the most powerful assets in his industry - real estate and cryptocurrencies.

"We're combining the two best asset classes," Cardone said. "We expect to add another 3,000 Bitcoins to our treasury this year." That ambitious plan would mean the total value of his bitcoin holdings could grow to more than 4,111 BTC, which at current prices is more than $410 million.

Business performance and competitiveness

The purchase of 1,000 BTC for approximately $101 million propelled Cardone Capital to the top of the firms with the largest stakes in Bitcoin. According to BiTBO data, the company now ranks above mining giants like Core Scientific and Cipher Mining. It also manages more than 14,000 residential units with estimated assets of over $5 billion.

Portfolio development: funds and other acquisitions

In May, Cardone Capital launched the 10X Miami River Bitcoin Fund, which combines real estate ownership - 346 residential units on the Miami River - with a $15 million Bitcoin investment. He was inspired by his brother, who led him to the idea that cash flow from real estate can be effectively used to buy more Bitcoin, creating a synergistic investment model.

Other players on the scene: Metaplanet and Michael Saylor

Grant Cardone isn't the only one going on a buying spree. Japanese company Metaplanet announced that it has increased its bitcoin hoard by an additional 1,111 BTC at a price of roughly $105,700 per bitcoin. This brings its total holdings to over 11,111 BTC, which at current prices is approximately $1.12 billion.

Meanwhile, Strategy founder Michael Saylor suggests that his portfolio will continue to grow. In his regular weekend post, he showed the value of his bitcoin hoard, which is around $61 billion, and hinted that the purchases are continuing.

The future: step by step towards mass adoption of cryptocurrencies

Investments by Grant Cardone and other companies show that cryptocurrencies are becoming an integral part of the modern portfolio. The combination of real estate and Bitcoin may represent an innovative way to diversify and secure assets in uncertain economic times.

The question remains as to what next steps will be taken by the major players in the market and what impact they will have on the wider adoption of cryptocurrencies in real estate investment. One thing is certain - the path to increasing asset value is more innovative now than ever before.

*This is not an investment recommendation.

The Coingarage team