Amid a pullback in the crypto market, real estate investment firm Cardone Capital disclosed another increase in its Bitcoin holdings. The company stated that it recently purchased 282 BTC, worth approximately $18 million at the time. This increase occurred when Bitcoin was hovering around $62,000 to $63,000, and the market was also affected by tensions between Israel and Lebanon.
The company disclosed the addition of 282 BTC.
On June 19, Grant Cardone announced on the X platform that it had added 282 bitcoins to its treasury. According to reports, Cardone Capital had accumulated approximately 1,000 BTC earlier this year, having previously purchased about $10 million worth of bitcoins in January.
The company disclosed that this cryptocurrency purchase was not a one-off operation, but rather part of a continuous allocation strategy. The approach involved using rental income from a portion of its multi-family residential projects specifically for subsequent Bitcoin purchases.
- Latest new holdings: 282 BTC
- Corresponding value: Approximately US$18 million
- Bitcoin price at the time of purchase: approximately $62,000 to $63,000
Rental cash flow continues to support cryptocurrency purchases.
The report mentions that Cardone Capital selects some apartment assets and redirects the cash flow exceeding daily distribution needs to Bitcoin, instead of returning it all to investors or continuing to use it for new real estate acquisitions.
One of the assets is a 366-unit apartment project in Boca Raton. The company has previously stated that rental income from this type of asset will be incorporated into a dollar-cost averaging (DCA) strategy to continuously expand its Bitcoin holdings.
Grant Cardone has previously stated that the company plans to increase its Bitcoin holdings to 3,000 by the end of 2026, with a long-term goal of accumulating 10,000 BTC through multiple investment vehicles.
The real estate and Bitcoin combination continues to expand.
At its Consensus 2026 conference in Miami, Cardone also revealed that it has recently increased its Bitcoin allocation by another $100 million. This move is part of a larger transaction that also includes a real estate acquisition worth approximately $235 million.
He described the model at the meeting as "real estate and Bitcoin operating under the same limited liability company," and said it was different from traditional real estate investment trusts, which typically do not put Bitcoin directly on their balance sheets.
In addition to treasury allocations, Cardone Capital is also developing related products. In May 2025, the company launched the 10X Miami River Bitcoin Fund, which combined a 346-unit apartment project along the Miami River with $15 million worth of Bitcoin, and used part of the rental income to continue buying Bitcoin.
Additional information:In early 2024, Grant Cardone also listed his $42 million Golden Beach property on the blockchain real estate platform Propy, allowing transactions to be completed in Bitcoin and US dollars.
