B
enzinga and Yahoo Finance LLC may receive commissions from the links below. Real‑estate magnate Grant Cardone seized a recent Bitcoin slump to bolster his firm’s balance sheet. On Oct. 10, Cardone announced on X that CardoneCapital had added roughly 300 BTC to its Real‑Estate‑Bitcoin Hybrid after Bitcoin briefly fell to $102,000 from a peak of $122,500 amid tariff fears. A receipt posted on Oct. 16 confirmed the purchase of 261 BTC for about $28.2 million at a limit price of $108,000. Later that week, CardoneCapital bought an additional 200 BTC for nearly $22 million, bringing the total to 461 BTC—approximately $50 million—across the week.

    These acquisitions feed CardoneCapital’s expanding hybrid funds, which aim to pair 15,000 apartment units with 10,000 BTC. The latest, the 10× Boca Raton Bitcoin Fund, merges 366 multifamily properties with $100 million in Bitcoin. The model lets investors tap real‑estate cash flow while riding Bitcoin’s volatility and upside. Rental income replenishes the fund’s BTC holdings, positioning investors for gains in both property and cryptocurrency values.

    Cardone explained in June to the South Florida Business Journal that branding Bitcoin as a reserve transforms real estate into a hybrid of “light and heavy, volatile and stable, liquid and illiquid.” He noted the strategy emerged to differentiate CardoneCapital, adding Bitcoin to five properties that outperformed 40 others in his portfolio. Cardone has grown increasingly bullish on Bitcoin, calling himself a “Bitcoin fanboy” in December and praising its scarcity.