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Cardone Capital says Bitcoin holdings top 2,800 as it buys Naples apartment property

Cardone Capital says Bitcoin holdings top 2,800 as it buys Naples apartment property

Grant Cardone said the real estate firm added 350 BTC and a 282-unit Naples property, taking housing holdings to about 15,000 units and assets under management above $5.4 billion.

BTC

Fact Check
The core facts (350 BTC purchase worth ~$22.3 million by Cardone Capital) are consistently reported by Bitcoin Magazine's originating X post and corroborated by CoinNess, with the numbers matching exactly. The dollar amount is internally consistent with recent BTC pricing. While the primary self-announcement from Grant Cardone's own X account could not be directly retrieved, the alignment of the figures across the originating outlet and independent news wires makes the claim highly likely true.
    Reference: 12
Summary

Cardone Capital's Bitcoin holdings have climbed above 2,800 BTC after the firm bought 350 BTC yesterday, founder Grant Cardone said on X. Cardone also said the U.S. real estate investment firm acquired a 282-unit apartment property in Naples, Florida, under a hybrid strategy that pairs multifamily real estate with balance-sheet Bitcoin exposure. Following the acquisition, the firm's housing holdings rose to about 15,000 units and assets under management exceeded $5.4 billion; at current market prices, its Bitcoin stake would be worth hundreds of millions of dollars, though the exact purchase price and broader accumulation timeline were not disclosed.

Terms & Concepts
  • balance-sheet Bitcoin exposure: Bitcoin held on a company's balance sheet as part of its asset allocation strategy.
  • assets under management: The total value of assets a firm manages for investors or within its investment platform.