Real Estate Mogul Grant Cardone Announces 1,000 Bitcoin Purchase for New BTC Treasury
Grant Cardone’s real estate investment firm is buying into Bitcoin ( BTC ).
The outspoken real estate investor notes that Cardone Capital added approximately 1,000 BTC to its balance sheet.
Cardone says the firm is the “first ever real estate/BTC company integrated with full BTC strategy, combining the two best-in-class assets.”
He also says the firm plans to add another 3,000 BTC to its balance sheet this year.
With BTC trading at $105,400 at time of writing, Cardone Capital’s 1,000 BTC investment is currently worth $105.4 million. The top-ranked crypto asset by market cap is up more than 4.5% in the past 24 hours.
Cardone says the concept of saving money will just cause investors to lose purchasing power.
“You can NOT save money! You either spend it, lose it or invest it. There is NO such thing as saving.
Every US Dollar should come with ‘saver beware’ warning, ‘The purchasing power of this note will decline in purchasing value.'”
Cardone Capital currently sports a portfolio of more than 14,200 units with a total value of $5.5 billion, per the firm’s LinkedIn account. The firm raises money from the public by launching equity funds available for retail traders.
Cardone says the firm also plans to add 5,000 additional units this year.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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