Grant Cardone Capital has announced its first Bitcoin acquisition, becoming the first real estate company to integrate this digital asset into its strategy.
Bitcoin Purchase
Grant Cardone Capital has acquired 1,000 Bitcoin (BTC) worth over $101 million at current market prices. This purchase positions the company above mining firms like Core Scientific and Cipher Mining.
Investment Strategy
CEO Grant Cardone mentioned that the firm plans to further expand its cryptocurrency strategy, aiming to add another 3,000 BTC this year. He emphasized that combining real estate and Bitcoin is an effective approach.
Other Companies in the Bitcoin Market
In light of Grant Cardone Capital's activities, Company Metaplanet also announced the acquisition of an additional 1,111 Bitcoin, increasing its total holdings to 11,111 BTC, valued at approximately $1.12 billion.
Thus, Grant Cardone Capital showcases an active engagement in the cryptocurrency market by enriching its investment portfolio and creating a new model for integrating traditional real estate with digital assets.
