Cardone Capital, led by entrepreneur Grant Cardone, has acquired 1000 Bitcoin, becoming the first real estate company to integrate cryptocurrency into its strategy.
Bitcoin Acquisition
Cardone Capital announced the purchase of 1000 Bitcoin, making it the first real estate firm to fully incorporate BTC into its business strategy. Grant Cardone shared this acquisition in a post.
Portfolio Expansion
In addition to the 1000 BTC already acquired, Cardone Capital plans to purchase another 3000 BTC and expand its real estate portfolio by 5000 units by the end of this year. Currently, Bitcoin is priced at about $102,000.
Community Reaction
This move reflects a growing trend of institutional Bitcoin adoption, as noted by the reaction from MicroStrategy founder Michael Saylor, who congratulated Cardone on acquiring BTC.
The integration of Bitcoin into Cardone Capital's strategy highlights the emergence of a new class of investors interested in the combination of traditional assets and cryptocurrencies.
