Cardone Capital bought another 282 Bitcoin worth about $18 million as the cryptocurrency market retreated to its latest low amid growing political tensions.
Summary
- Cardone Capital bought another 282 BTC worth about $18 million as Bitcoin traded close to $62,000.
- The company uses rent from multi-family properties to fund ongoing Bitcoin purchases.
- Grant Cardone aims for 3,000 BTC by 2026 and 10,000 BTC in the long term.
In a June 19 X post, Grant Cardone announced that his wealth investment company added 282 BTC to its treasury. Based on current market prices, the purchase is worth an estimated $18 million and comes as Bitcoin (BTC) trades near the $63,000 level following a broader decline in the crypto market related to tensions surrounding the Israel-Lebanon conflict.
The latest purchase follows another acquisition made during the recent market downturn, when Cardone Capital bought 130 BTC worth approximately $9.7 million. The transaction adds to the growing Bitcoin space that Cardone has continued to expand through a strategy tied directly to income-generating real estate assets.
Cardone continues to build a Bitcoin position by using rental income
Earlier this year, Cardone Capital revealed that it had accumulated nearly 1,000 BTC after buying $10 million worth of Bitcoin in January. According to the company, those purchases are funded through a dollar-cost-averaging strategy that directs rent from select multifamily properties into Bitcoin.
Among those assets is a 366-unit condominium in Boca Raton. Rather than distributing excess cash flow to investors or using it to acquire more real estate, strong channels channel a portion of that cash into Bitcoin purchases.
According to comments made earlier by Cardone, the company aims to hold 3,000 BTC by the end of 2026 and eventually accumulate 10,000 BTC in all investment vehicles.
Speaking at the Consensus 2026 conference in Miami, Cardone revealed that the company recently increased its share of Bitcoin by another $ 100 million. He said the purchase is part of a broader business that includes real estate acquisitions worth $235 million.
During the event, Cardone described the company’s structure as a combination of Bitcoin and real estate within the same limited liability company. He argued that the model is different from traditional real estate investment trusts, which typically do not hold Bitcoin directly on their balance sheets.
Real estate and Bitcoin strategy is growing beyond the purchase of wealth
Cardone has repeatedly linked the company’s Bitcoin strategy to its real estate portfolio. In earlier remarks, he estimated that combining the two asset classes could produce annual returns ranging between 22% and 32%, while noting that many investors in the company’s products had no previous exposure to Bitcoin.
According to Cardone, about 80% of the investors in one of the companies connected to Bitcoin real estate funds did not own Bitcoin before participating.
The company also launched investment products built around the same concept. As previously reported by crypto.news, Cardone Capital is launching the 10X Miami River Bitcoin Fund in May 2025, including a 346-unit residence on the Miami River for $15 million in Bitcoin. The fund also directs a portion of the rental income to additional Bitcoin purchases.
Cardone’s involvement with blockchain-based assets goes beyond wealth accumulation. In early 2024, he listed his $42 million Golden Beach property on Propy, a blockchain-powered real estate marketplace that supports transactions in both Bitcoin and US dollars through a deed registration and escrow system.
