According to Cointelegraph, real estate magnate Grant Cardone announced that his company purchased BTC for the first time, and Cardone Capital added 1,000 BTC to its balance sheet. CEO Grant Cardone said that the strategy combines the best of two assets, real estate and Bitcoin, and plans to add another 3,000 BTC this year.
The purchase, valued at more than $101 million, puts Cardone Capital ahead of Core Scientific and Cipher Mining in Bitcoin holdings. Cardone Capital is a private equity real estate firm founded in 2017 that manages more than 14,000 units and has approximately $5.1 billion in assets under management.
In addition, Japanese Bitcoin investment company Metaplanet is also increasing its Bitcoin reserves, announcing on Monday that it had purchased an additional 1,111 BTC, bringing its total holdings to 11,111 BTC, worth approximately $1.12 billion.
