- On Thursday, Grant Cardone shared a post on X, saying: “I will sell all my botcoin,Most likely referring to his Bitcoin holdings.
- Although he did not explicitly mention BTC, the tweet sparked discussion in the community about his strategy, as just a day earlier Cardone Capital had acquired 130 BTC.
- Amid turmoil in the cryptocurrency market, Bitcoin fell below $74,000 after recording a series of outflows in spot Bitcoin ETFs.
While the entire cryptocurrency sector falls into fear following bearish sentiment, Grant Cardone, founder and CEO of Cardone Capital, shared a sarcastic post on his X handle, saying that he plans to sell all of his “bitcoins.”
Amid the downtrend in the cryptocurrency market, with Bitcoin (BTC) falling below $74,000, Grant Cardone’s post sparked discussion online, and some people even started trolling him for the statement.
Grant Cardone’s statement comes a day after Cardone Capital acquired 130 bitcoins
On May 27, Cardone Capital acquired 130 bitcoins after the overall cryptocurrency market saw a decline.
The company began to accumulate Bitcoin In late 2024 with a first purchase of $4 million. However, they strengthened their position in 2025 when the company collected 1,000 Bitcoins and added them to its treasury. They are constantly buying the dip in the market.
Earlier this month, Grant also expressed confidence in his hybrid strategy of combining Bitcoin investing with real estate investments. He also revealed that he had pumped another $100 million into Bitcoin to expand its treasury. Earlier he said,We simply added another $100 million in Bitcoin. We believe that by combining real estate and Bitcoin, I will end up with a return of 22% to 32%.”
As of now, Cardone Capital is currently worth around $200 million in Bitcoin. However, this company’s strategy is very different from digital asset vaults (DATs), such as the strategy. Grant Cardone did not buy Bitcoin (BTC) directly from exchanges like most people do. Instead, he issued a $100 million package of bitcoin directly to buy a $235 million property in Boca Raton, Florida.
Traditional real estate investment trusts (REITs) are not allowed to hold cryptocurrencies on their balance sheets under current regulatory frameworks. For this reason, in order to hold BTC, Cardone created one private limited liability structure. This entity now holds physical properties and digital assets in one place.
He said:I do not put real estate on the blockchain. All I do is buy a bunch of Bitcoin and fill the discount gap.
Bitcoin falls below $74,000 after large outflows into ETFs
Amid rising geopolitical tension following new missile exchanges between the US and Iran, the cryptocurrency market once again witnessed a sharp decline after investors started withdrawing their investments due to fear of increasing volatility in the cryptocurrency market.
At the time of writing this article, the price of Bitcoin (BTC) is trading at a near level $73,406, down 1.2% over the past 24 hours, according to CoinMarketCap. Its market capitalization also fell to less than $1.5 trillion, with a 22% rise in daily trading volume.
Amid the chaos in the Middle East and the global energy crisis, institutional investors are also withdrawing their money from spot Bitcoin ETFs (exchange-traded funds), which were also seen in the latest series of outflows.
(source: Quinglass)
On May 27, cumulative Bitcoin ETFs recorded more than $733 million in net outflows. This was the largest outflow recorded in the last 7 consecutive days.
In addition to this decline, the cryptocurrency sector is also experiencing another major crisis, as DeFi platforms love it Seaweed dao They are subjected to a series of strange cyber attacks.
