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Cardone Capital has purchased an additional 282 Bitcoin (BTC), valued at roughly $18 million, as the cryptocurrency market has pulled back toward recent lows amid rising geopolitical tensions.
In a June 19 X post, Grant Cardone said the firm added 282 BTC to its treasury. The purchase comes as Bitcoin trades near the $63,000 level following a broader decline in the crypto market tied to tensions surrounding the Israel-Lebanon conflict.
The latest acquisition follows a prior purchase during an earlier downturn, when Cardone Capital bought 130 BTC valued at approximately $9.7 million. Together, the transactions add to a growing Bitcoin position built alongside the firm’s real estate strategy.
Cardone Capital has said it accumulates Bitcoin using a dollar-cost-averaging approach funded by rental income from selected multifamily properties. Earlier this year, the company disclosed it had accumulated about 1,000 BTC after purchasing $10 million worth of Bitcoin in January.
One example cited by the firm is a 366-unit apartment complex in Boca Raton. Rather than distributing excess cash flow to investors or using it to acquire additional real estate, Cardone Capital directs part of that income toward Bitcoin purchases.
Cardone has previously said the company intends to hold 3,000 BTC by the end of 2026 and ultimately accumulate 10,000 BTC over the longer term, across multiple investment vehicles.
At the Consensus 2026 conference in Miami, Cardone said the company increased its Bitcoin allocation by another $100 million. He said the purchase was part of a broader transaction that also included roughly $235 million worth of real estate acquisitions.
Cardone described the firm’s structure as combining Bitcoin and real estate held within the same limited liability company, contrasting it with traditional real estate investment trusts, which generally do not hold Bitcoin directly on their balance sheets.
Cardone has linked the strategy to potential annual returns estimated between 22% and 32%. He also said many investors in the firm’s products had no prior Bitcoin exposure, adding that roughly 80% of investors in one of the firm’s Bitcoin-linked real estate funds did not own Bitcoin before participating.
Cardone Capital has also introduced investment products built around the same concept. In May 2025, it launched the 10X Miami River Bitcoin Fund, pairing a 346-unit apartment complex on the Miami River with $15 million in Bitcoin. The fund also directs a portion of rental income toward additional Bitcoin purchases.
Separately, in early 2024, Cardone listed his $42 million Golden Beach property on Propy, a blockchain-powered real estate marketplace that supports transactions in both Bitcoin and U.S. dollars through a decentralized title registry and escrow system.
Bitcoin (BTC) investors who use steady dollar-cost averaging (DCA) may be underperforming versus strategies that adjust exposure to the market’s cycle, according to new research arguing that Bitcoin’s behavior differs from traditional long-duration assets.
In a report cited by Markus Thielen of 10x Research, Bitcoin’s market…
