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Real Estate Mogul Grand Cardone announced the first purchase of Bitcoins of the company because it becomes the latest company to accept the strategy of the cash register of digital assets.
Cardone Capital added 1,000 bitcoins (BTC) into its balance sheet, become “the first ever real estate society/bitcoins integrated with a full BTC strategy”, Grant Cardone CEO said on x on Saturday.
The millionaire entrepreneur added that the strategy “combines the two best assets in his class”, real estate and bitcoins, and added that the company expects to add another 3,000 BTC to its Treasury this year.
Purchase is worth over $ 101 million at current market prices and places Cardone Capital over mining companies Core scientific and mining of ciphers in terms of bitcoins, according to It’s bitbo.
Cardone Capital is a real estate company for private capitals that was launched in 2017. It will connect capital investors to acquire residential real estate with multiple families and currently manage more than 14,000 units with estimated management of $ 5.1 billion
Launched real estate and BTC fund
In May, Investment Company for Real Estate launched The Bitcoin Fund of the Greek 10x Miami, a double asset fund consisting of a commercial property for more families with 346 units on the Miami River in Miami and $ 15 million in Bitcoins.
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At that time, he spoke to Caintelegraph and said his brother inspired him to “create a fund where we buy real estate, add bitcoins, and then use the money flow from the purchase of real estate to buy more bitcoins.”
Metaplanet Holdings hit 1111 BTC
Cardone Capital is not the only company buyer Bitcoins in the last week. The Japanese Bitcoin Investment Strategy of Metaplanet also increases its Treasury with notification Getting another 1,111 BTC on Monday.
The latest purchase for the price of $ 105,700 per Bitcoin brings a total share of 1111 BTC worth approximately $ 1.12 billion at current market prices.
Saylor strategy suggests more
Meanwhile the founder of the strategy Michael Saylor has has indicated At the next purchase of Bitcoins with its regular weekend post Tracker portfolio, which preceded Monday’s acquisition in previous weeks.
“Nothing will stop this orange,” said Saylor and the title of the chart that showed the cash register value of less than $ 61 billion.
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