Cardone and Metaplanet Add BTC to Corporate Treasuries
The post Cardone and Metaplanet Add BTC to Corporate Treasuries appeared on BitcoinEthereumNews.com.
This is the firm’s official entry into corporate Bitcoin treasuries. Cardone described the strategy as fusing “the two best-in-class assets” by combining income-producing real estate with Bitcoin’s long-term upside. The firm also plans to acquire an additional 3,000 BTC by year’s end. This move places Cardone Capital ahead of several major mining firms in BTC holdings and follows the launch of its dual-asset 10X Miami River Bitcoin Fund in May. Meanwhile, Japanese firm Metaplanet is closing in on Tesla’s BTC stash, with its latest 1,111 BTC purchase bringing total holdings to 11,111. Michael Saylor’s Strategy also added 245 BTC during the recent market dip, raising its total to 592,345 BTC. These latest purchases add to the corporate adoption of Bitcoin as a strategic treasury asset. Cardone Capital Adds BTC to Real Estate Mix Real estate tycoon Grant Cardone officially joined the ranks of corporate Bitcoin holders with a major treasury allocation by his firm, Cardone Capital. Over the weekend, Cardone revealed on social media that his company purchased 1,000 Bitcoin—which is valued at just over $101 million at current prices. The billionaire entrepreneur described the move as the integration of “the two best-in-class assets,” combining real estate and Bitcoin in a novel investment strategy. Cardone also disclosed plans to increase the firm’s Bitcoin holdings by an additional 3,000 BTC before the end of the year. This acquisition places Cardone Capital ahead of well-known Bitcoin mining firms Core Scientific and Cipher Mining in terms of Bitcoin treasury size, according to blockchain analytics platform BiTBO. Cardone Capital isa private equity real estate firm that was founded in 2017, and it manages over 14,000 multifamily residential units. It also has more than $5.1 billion in assets under management. Known for pooling investor capital to acquire large-scale real estate assets, the firm is now…
