At a Time of Global Market Turmoil, This Property Company Acquires 1,000 Bitcoin

Real estate entrepreneur Grant Cardone announced his company Cardone Capital via platform X with the acquisition of 1,000 Bitcoin (BTC) worth US$101 million or Rp1.6 trillion on Saturday (21/06), as part of a new strategy that combines real estate and crypto assets.
Not only that, when the global market is in turmoil due to the Iran and Israel war, this company has become the first developer to implement a full strategy and plans to add 3,000 BTC this year.
This company manages over 14,000 property units worth US$5.1 billion and launched a hybrid fund that combines real estate with Bitcoin, such as the 10X Miami River Bitcoin Fund which converts a portion of rental income into Bitcoin.
With Bitcoin currently at US$102,000 on Monday (23/06), Cardone Capital's Bitcoin holdings are now valued at over US$100 million and are expected to exceed US$400 million if the additional purchase target is achieved. This move reflects the growing trend of Bitcoin adoption by institutions across various sectors.
Interestingly, the founder of Strategy Michael Saylor welcomed the move by Cardone Capital and assessed the combination of properties and Bitcoin as an attractive investment strategy, opening opportunities for hybrid investors who combine traditional and digital assets.