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Grant Cardone says he will keep buying bitcoin using real estate cash flows

Grant Cardone says Cardone Capital will keep buying bitcoin during the recent crypto pullback by using cash flow from its real estate portfolio rather than issuing stock or debt. The strategy is positioned as a hybrid real-estate/bitcoin treasury model that dollar-cost averages into BTC and avoids capital-markets pressure. Cardone said the firm, with about $5.3 billion under management, held roughly $200 million in bitcoin as of May and continues buying at regular intervals. The article highlights that bitcoin has fallen 4.7% on the week and dipped below $60,000 recently amid tech-stock weakness and outflows from U.S. bitcoin ETFs. The piece also contrasts Cardone’s approach with Strategy’s leveraged bitcoin treasury model, which has come under scrutiny as its stock trades below the value of its bitcoin holdings.

Category

Bitcoin

Sentiment

Neutral

Event

Market commentary

Reading time

1 min