Cardone Capital, a U.S.-based real estate investment firm, announced the acquisition of 1,000 Bitcoin for its treasury. This purchase, exceeding $100 million at current prices, reflects a new approach to utilizing digital assets in investment strategy.
Acquisition of 1,000 BTC
Cardone Capital announced the purchase of 1,000 BTC for its treasury. Grant Cardone, the founder of the firm, confirmed the transaction in a post on his X account on June 21. According to him, this is the first real estate investment company of its kind in the country to build a strategic Bitcoin reserve.
Goals and Growth Strategy
The company aims to grow its Bitcoin holdings to between 3,000 and 5,000 BTC by the end of the year. This acquisition was funded through cash flow, eliminating the need for debt to finance its assets.
Current Bitcoin Market Status
As interest in Bitcoin continues to rise, Cardone Capital stands out by avoiding borrowings. While some companies, such as Strategia, rely on loans to achieve their objectives, Cardone Capital prefers self-funding. Currently, Bitcoin is trading around $102,200, under pressure from global uncertainties.
In conclusion, Cardone Capital is strengthening its position in the digital currency sector using strategies based on internal financing. This approach may define the future of financial strategies for companies in the investment sector.
