Earlier today, Grant Cardone's Cardone Capital purchased 10.5 BTC worth approximately $665,000 from July rental income, bringing the firm's total holdings to more than 2,700 BTC. At current prices near $63,000, the position is valued at over $171 million.
Cardone Capital uses a real estate-bitcoin hybrid strategy, converting recurring rental cash flow from its multibillion-dollar apartment portfolio into bitcoin on a monthly schedule, regardless of market price. The firm has stated it will continue this pattern with purchases scheduled roughly every 30 days.