Important points
- Cardone Capital bought 185 Bitcoins for $15.3 million.
- The acquisition is part of the company’s broader efforts to diversify its investments beyond real estate.
Real estate investment firm Cardone Capital today acquired 185 Bitcoins for $15.3 million. The acquisition represents the company’s continued expansion into crypto assets as part of its financial and investment strategy.
The company is actively acquiring Bitcoin to support hybrid projects that combine real estate and digital assets. Cardone Capital focuses on multifamily housing and has started incorporating Bitcoin into its portfolio to diversify beyond traditional real estate investments.
The acquisition comes amid a significant downturn in the cryptocurrency market, with Bitcoin rising to $80,000 earlier today and then partially rebounding to $84,000 at press time.
