Cardone Capital buys 282 Bitcoin worth $18M as firm expands crypto treasury

Cardone Capital added 282 Bitcoin to its corporate treasury, worth about $18 million, as the firm's founder Grant Cardone continues to channel rental income from multifamily properties into cryptocurrency acquisitions.

"CardoneCapital adding 282 BTC," Cardone said in a June 19 post on X, as Bitcoin traded near $62,000 amid a broader market decline tied to escalating Israel-Lebanon tensions.

The purchase follows a separate acquisition of 130 Bitcoin valued at roughly $9.7 million during a prior market downturn. Cardone Capital has now accumulated about 1,000 Bitcoin after buying $10 million worth in January, with the firm directing excess cash flow from a 366-unit apartment complex in Boca Raton toward ongoing purchases through a dollar-cost-averaging strategy.

Cardone has set a target of holding 3,000 Bitcoin by the end of 2026 and 10,000 Bitcoin across multiple investment vehicles over the longer term. Speaking at the Consensus 2026 conference in Miami, he said the firm recently added another $100 million in Bitcoin as part of a broader transaction that included roughly $235 million in real estate acquisitions. Cardone estimated that combining the two asset classes within a single limited liability company could generate annual returns between 22 percent and 32 percent, noting that about 80 percent of investors in one of the firm's Bitcoin-linked funds had no prior exposure to the cryptocurrency.

The firm has also introduced investment products built around the same hybrid structure. In May 2025, Cardone Capital launched the 10X Miami River Bitcoin Fund, pairing a 346-unit apartment complex on the Miami River with $15 million in Bitcoin and directing a portion of rental income toward additional purchases. Cardone previously listed his $42 million Golden Beach property on Propy, a blockchain-powered real estate marketplace that supports transactions in both Bitcoin and U.S. dollars.

The continued accumulation by Cardone Capital adds to a growing trend of companies using real estate cash flows to build Bitcoin reserves, a model that differs from traditional real estate investment trusts, which generally cannot hold Bitcoin directly on their balance sheets. Cardone has described the structure as a fusion of two asset classes within a single LLC, offering investors exposure to both income-producing property and Bitcoin without requiring separate allocations.

This article is for informational purposes only and does not constitute investment advice.