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, valued at over $101 million, puts Cardone Capital’s Bitcoin holdings above those of Core Scientific and Cipher Mining. Cardone Capital is a private equity real estate firm established in 2017, managing over 14,000 units with an asset management scale of approximately $5.1 billion.
Additionally, Japanese Bitcoin investment company Metaplanet is also increasing its Bitcoin reserves, announcing on Monday the purchase of an additional 1,111 BTC, bringing its total holdings to 11,111 BTC, valued at approximately $1.12 billion.
