Cardone Capital bought another 282 bitcoins worth about $18 million as the cryptocurrency market retreats toward recent lows amid rising geopolitical tensions.
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- Cardone Capital bought another 282 bitcoins worth about $18 million as bitcoin traded near $62,000.
- The company uses rental income from multifamily properties to fund ongoing Bitcoin purchases.
- Grant Cardone is targeting 3,000 BTC by 2026 and 10,000 BTC in the long term.
In a post dated June 19, Grant Cardone announced that his real estate investment firm had added 282 Bitcoin to its treasury. Based on current market prices, the purchase is worth around $18 million and comes in the name of Bitcoin (Bitcoin) is trading near the $63,000 level following a broader decline in the cryptocurrency market linked to tensions surrounding the Israeli-Lebanese conflict.
The latest purchase comes on the heels of another acquisition made during the recent market downturn, when Cardone Capital purchased 130 bitcoins worth approximately $9.7 million. This deal adds to Bitcoin’s growing position that Cardone has continued to expand through a strategy tied directly to income-producing real estate assets.
Cardone continues to build his Bitcoin position through rental income
Earlier this year, Cardone Capital revealed that it had raised around 1,000 BTC next buying $10 million worth of Bitcoin in January. According to the company, these purchases are funded through a dollar-cost averaging strategy that funnels rental income from select multifamily properties into Bitcoin acquisitions.
Among these assets is a 366-unit apartment complex in Boca Raton. Instead of distributing excess cash flow to investors or using it to acquire additional properties, the company directs a portion of this income toward purchasing Bitcoin.
According to comments previously made by Cardone, the company intends to hold 3,000 BTC by the end of 2026 and eventually accumulate 10,000 BTC across multiple investment vehicles.
Speaking at the Consensus 2026 conference in Miami, Cardone revealed that the company recently increased its Bitcoin allocation by another $100 million. He said the purchase forms part of a broader deal that also includes real estate acquisitions worth about $235 million.
During the event, Cardone described the company structure as a combination of Bitcoin and real estate housed within the same LLC. The model differs from traditional REITs, which generally don’t hold bitcoin directly on their balance sheets, he said.
The real estate and bitcoin strategy expands beyond treasury purchases
Cardone has repeatedly linked the company’s Bitcoin strategy to its real estate portfolio. In previous statements, he estimated that combining the two asset classes could generate annual returns of between 22% and 32%, noting that many investors in the company’s products had no previous exposure to Bitcoin.
According to Cardone, approximately 80% of investors in one of the firm’s Bitcoin-linked real estate funds did not have Bitcoin before participating.
The company also offered investment products based on the same concept. As previously reported by crypto.news, Cardone Capital Fired 10X Miami River Bitcoin Fund in May 2025, pairing a 346-unit apartment complex on the Miami River with $15 million in Bitcoin. The fund also directs a portion of rental income toward additional Bitcoin purchases.
Cardone’s involvement in blockchain-based assets extends beyond treasury accumulation. In early 2024, he listed his $42 million Golden Beach property on Propy, a blockchain-powered real estate marketplace that supports transactions in both Bitcoin and US dollars through a decentralized title registry and escrow system.
