According to Cointelegraph, real estate mogul Grant Cardone announced that his company has made its first purchase of BTC, with Cardone Capital adding 1,000 BTC to its balance sheet. CEO Grant Cardone stated that this strategy combines the two best assets: real estate and Bitcoin, and plans to add another 3,000 BTC this year.
This purchase is valued at over $101 million, making Cardone Capital's Bitcoin holdings surpass those of Core Scientific and Cipher Mining. Cardone Capital is a private equity real estate firm founded in 2017, managing over 14,000 units with an asset management scale of approximately $5.1 billion.
Additionally, the Japanese Bitcoin investment company Metaplanet is also increasing its Bitcoin reserves, announcing on Monday that it has purchased an additional 1,111 BTC, bringing its total holdings to 11,111 BTC, valued at approximately $1.12 billion.
