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Grant Cardone's Company Adds Nearly $70 Million In Bitcoin As He Hails It As The Only Scarce Minable Asset
Yahoo Finance· 2026-01-24 17:31
Group 1 - Grant Cardone has added nearly $70 million worth of Bitcoin to his company's balance sheet, including a $10 million purchase and 650 BTC valued at approximately $58 million for Cardone Capital's hybrid fund model [1][2] - Cardone emphasizes Bitcoin as the only scarce minable resource, contrasting it with other commodities like oil and gas, which he claims have no shortage [2][3] - The hybrid fund model aims to introduce liquidity to the illiquid real estate market, potentially offering returns of 35% annually by combining Bitcoin's volatility with real estate stability [5][6] Group 2 - Cardone Capital has launched three hybrid funds that combine real estate with Bitcoin, including the 10X Space Coast Bitcoin Fund, the 10X Miami River Fund, and the 10X Boca Raton Fund, with significant investments in both properties and Bitcoin [6][8] - The 10X Space Coast Bitcoin Fund includes 300 apartments in Melbourne, Florida, combined with $15 million in Bitcoin, while the 10X Miami River Fund features 346 apartment units with $300 million in Bitcoin [8] - The 10X Boca Raton Fund plans to combine 366 apartments with $100 million in Bitcoin, showcasing the company's strategy to leverage real estate and cryptocurrency [8]
Grant Cardone Compares Bitcoin To Printing Press, Telephone, Internet, Says It Advances Money
Yahoo Finance· 2026-01-03 15:45
Core Insights - Grant Cardone positions Bitcoin as a transformative innovation comparable to historical advancements like the printing press and the internet, suggesting it will take time for widespread adoption [1][2] - Bitcoin's price has experienced volatility, reaching a peak of $126,000 in 2025 before dropping to around $88,000, reflecting an 11% decline this year due to market uncertainties [2] - Cardone has launched several funds that integrate Bitcoin with real estate, aiming to leverage Bitcoin's volatility and liquidity for real estate investors [3] Fund Launches - Cardone has initiated three Bitcoin and real estate funds: the 10X Space Coast Bitcoin Fund, the 10X Miami River Fund, and the 10X Boca Raton Bitcoin Fund, with plans for a total of ten funds [4][5] - The 10X Space Coast Bitcoin Fund combines 300 apartment units with $15 million in Bitcoin, while the 10X Miami River Fund merges 346 apartments with $300 million in Bitcoin [5] - The upcoming 10X Boca Raton Bitcoin Fund aims to integrate $100 million with 366 apartment units [6] Investment Strategy - Cardone continues to accumulate Bitcoin during its price fluctuations, viewing the current market conditions as an opportunity to acquire the asset at lower prices [6]