Cardone Capital Acquires 130 Bitcoin in $5 Billion Fund Expansion
Grant Cardone’s firm adds 130 Bitcoin through Miami River refinancing, advancing towards a 4,000-coin goal as corporate and government BTC reserves expand globally.
Cardone Capital purchased 130 Bitcoin as part of refinancing its Miami River property, using equity fundraising to repay debt while securing Fannie Mae financing at 4.89%. This marks the real estate investment firm’s fourth Bitcoin-related deal, with eight more planned, as it targets a 4,000 BTC treasury in 2025. The move follows its June acquisition of 1,000 BTC and aligns with a growing corporate trend. Japan's Metaplanet raised its holdings to 18,888 BTC worth $2.18 billion, Lib Work announced ¥500 million in Bitcoin purchases, and MicroStrategy added 430 BTC to reach 629,376 BTC valued near $72 billion. U.S. Treasury Secretary Scott Bessent signaled plans for a Strategic Bitcoin Reserve of $15–20 billion from confiscated assets, reinforcing President Trump’s pro-Bitcoin stance. Global Bitcoin treasuries now total 3.68 million BTC across 294 entities.
- Bitcoin (BTC): The first and largest cryptocurrency by market capitalization, used as a digital store of value and medium of exchange.
- Institutional Adoption: The process by which large financial entities such as banks, hedge funds, and investment firms integrate cryptocurrencies into their portfolios.
- Bitcoin Treasury: A strategic reserve of Bitcoin held by corporations, funds, or governments as part of their investment or monetary strategy.