Cardone Capital buys $10M in Bitcoin as prices dip to $93K
Cardone Capital has expanded its Bitcoin holdings with a fresh $10 million purchase. The investment came as Bitcoin prices dipped to roughly $93,000, funded entirely by rental income from its property portfolio. The company now holds around 1,000 BTC in its treasury and has no plans to sell in the near future.
The firm’s latest Bitcoin acquisition aligns with its strategy of using rental revenue to buy during market downturns. Unlike some investors, Cardone Capital avoids debt, relying instead on steady cash flow from its $5.3 billion real estate portfolio.
In 2023, the company introduced a hybrid fund that combined a $235 million real estate purchase with a $100 million Bitcoin allocation. This approach reflects its long-term commitment to both asset classes. Looking ahead, Cardone Capital aims to launch a publicly traded Bitcoin-focused company by 2026, again using rental income as the funding source.
With approximately 1,000 BTC now in its treasury, Cardone Capital continues to build its position without leveraging debt. The company’s strategy ties Bitcoin accumulation directly to its real estate income, ensuring a steady and sustainable approach. Plans for a Bitcoin-centric public company in 2026 suggest further integration of digital assets into its long-term business model.
