Key Takeaways
- Cardone Capital, a US-based real estate firm, has purchased 200 Bitcoin valued at $21.6 million as part of its treasury management strategy.
- The firm’s approach blends real estate income and crypto acquisition, buying Bitcoin during market dips to diversify assets.
Cardone Capital, a US-based real estate investment firm, acquired 200 Bitcoin valued at $21.6 million today as part of its treasury strategy blending property and crypto assets.
The acquisition reflects the firm’s hybrid fund approach that uses real estate cash flows to purchase Bitcoin during market dips. This strategy marks Cardone Capital’s continued integration of crypto into traditional investment portfolios.
The purchase aligns with an emerging trend among real estate firms adopting Bitcoin as a core treasury component. Cardone Capital has indicated plans to further incorporate the digital asset into its long-term investment strategies. Bitcoin currently trades at around $108,000 per coin based on the transaction value.
Source: https://cryptobriefing.com/cardone-capital-bitcoin-acquisition-2024/