Grant Cardone Buys Bitcoin Dip, Adds $50 Million Worth Of BTC To Power Innovative Real Estate Fund

Core Insights - Real estate firm Cardone Capital has strategically increased its Bitcoin holdings during a recent market dip, acquiring approximately 300 BTC to enhance its balance sheet [1][3] - The total Bitcoin purchases over a week amounted to 461 BTC, valued at around $50 million, aimed at supporting the company's hybrid funds that combine real estate and Bitcoin investments [2][3] Group 1: Bitcoin Purchases - Cardone Capital executed a limit order to purchase 261 BTC for about $28.2 million at a price of $108,000 per coin [2] - On the same day, an additional 200 BTC was acquired, bringing the total Bitcoin purchases to 461 BTC for approximately $50 million [3] Group 2: Investment Strategy - The hybrid funds are designed to merge the stability and cash flow of real estate with the volatility and potential upside of Bitcoin [4] - Rental income from real estate is utilized to acquire more Bitcoin, with investors anticipating appreciation in both property and Bitcoin values [4] Group 3: Fund Development - The latest fund, the 10x Boca Raton Bitcoin Fund, integrates 366 multifamily units with $100 million in Bitcoin [3] - Cardone Capital's strategy aims to differentiate itself in the market, with Cardone noting that the hybrid funds have already shown superior performance compared to other properties [6]