At the time of the fall of the encrypted market, the real estate investment company Cardone Capital revealed a new increase in the holding of bitcoin. According to the company, 282 BTCs were newly purchased, valued at approximately $18 million at current prices. This increase occurred at a time when bitcoin hovered around $62,000 to $63,000, while the market was affected by tensions between Israel and Lebanon.
Company disclosed 282 new BTCs
Grant Cardone stated at platform X on 19 June that the company had incorporated 282 bitcoin into the treasury. According to the reported caliber, Cardone Capital had accumulated approximately 1,000 BTCs earlier this year, after buying about $10 million in bitcoin in January.
The company disclosed that the currency purchase arrangement was not a one-time operation but was part of an ongoing configuration. This is done by targeting rental income generated by some multi-household projects for subsequent purchase of bitcoin.
- Last added hold: 282 BTCs
- Corresponding value: approximately $18 million
- Bitcoin prices at purchase: approximately $62,000 to $63,000
Rental cash flow continues to support the purchase of currency
The report mentions that Cardone Capital selects part of the apartment assets and diverts cash flows in excess of daily distribution needs to bitcoin, rather than returning them to investors in full or continuing to be used for new real estate acquisitions.
One of the assets was a 366 apartment project in Boca Raton. The company had previously stated that rental income from such assets would be included in a fixed-in-money purchase arrangement for the continued expansion of the Bitcoin hold.
Grant Cardone has also indicated in the past that the company plans to raise the Bitcoin hold hold to 3000 by the end of 2026, with the long-term goal of holding 10,000 BTCs accumulated through multiple investment instruments.
Real estate and bitcoin continue to expand.
Cardone also revealed at the Consensus 2026 Congress in Miami that the company had recently increased its Bitcoin configuration by a further $100 million. The operation was part of a larger transaction, which also included a real estate acquisition of approximately $235 million.
At the meeting, he described the model as “real estate and bitcoin operating under the same limited liability company” and stated that it was different from the traditional real estate investment trust, which did not normally place bitcoin directly on the balance sheet.
In addition to the treasury configuration, Cardone Capital is promoting related products. In May 2025, the company launched 10X Miami River Bitcoin Fund, which combines a 346 apartment project along the Miami River with $15 million bitcoin and continues to use part of the rent to buy bitcoin.
Additional information:Grant Cardone also listed its estate in Golden Beach in early 2024, valued at $42 million, to the block chain real estate platform Propy, supporting the completion of transactions in bitcoin and United States dollars.