Key facts
- Cardone Capital acquired 282 Bitcoin for $17.7 million during a market dip.
- The firm has $5.3 billion in assets under management.
- Cardone Capital recently purchased another 282 BTC valued at approximately $18 million.
Cardone Capital acquired 282 Bitcoin for $17.7 million amid a market downturn. The firm, with $5.3 billion in assets, has been actively increasing its Bitcoin holdings.
Cardone Capital's consistent Bitcoin purchases during market dips signal institutional confidence in the cryptocurrency as an asset class and a potential hedge against inflation.
Cardone Capital, an investment firm with $5.3 billion in assets under management, has acquired another 282 Bitcoin, valued at approximately $18 million, during a market dip. This follows a previous purchase of 282 BTC worth $17.7 million and 130 BTC valued at roughly $9.7 million during market downturns. The firm's founder, Grant Cardone, announced the latest acquisition via X, noting it as a 'buy the dip' strategy as Bitcoin fell to the $62,000 level amid geopolitical tensions. Cardone Capital is pursuing a hybrid structure combining Bitcoin and income-producing real estate, believing this model can yield between 22% and 32% returns. The company previously announced adding $100 million in Bitcoin in May, alongside a $235 million real estate transaction. In 2025, Cardone Capital had bought 1,000 BTC worth over $100 million.