Billionaire real estate mogul prepares for first IPO in 2026

Core Viewpoint - Grant Cardone plans to launch a publicly traded company in 2026 that will hold the world's largest corporate Bitcoin treasury, funded by rental income from U.S. real estate rather than debt [2][3]. Group 1: Company Strategy - The company aims to build the largest real estate Bitcoin publicly traded treasury, relying on steady cash flow from Cardone Capital, which manages approximately $5.5 billion in multifamily properties across the U.S. [3] - The balance sheet currently holds $300 million worth of Bitcoin, with plans to acquire more in the upcoming year [4]. - The strategy is described as a hybrid model combining real estate and Bitcoin to hedge against inflation while targeting returns of around 20% [5]. Group 2: Investment Approach - Cardone's approach contrasts with leveraged Bitcoin strategies that depend on issuing debt; instead, it utilizes rents and tax-advantaged depreciation to consistently acquire Bitcoin over time [3]. - The combination of a stable revenue source from real estate with the volatility of Bitcoin is intended to create a more resilient long-term investment structure [6]. Group 3: Market Engagement - Cardone has taken steps to integrate Bitcoin into real estate by listing his oceanfront mansion in Miami for sale exclusively in Bitcoin, priced at 400 BTC [7][8].