Cardone Capital has added about 1,200 BTC and 2,000 multifamily units to its real estate-backed Bitcoin strategy, increasing both assets held across its private investment vehicles.
Key Takeaways
Cardone Capital added about 1,200 BTC and roughly 2,000 multifamily units
Rental income from selected properties funds recurring Bitcoin purchases through dollar-cost averaging
Grant Cardone plans to accumulate 10,000 BTC across 10 specialized investment funds
The private funds carry Bitcoin volatility, property-market risks, and limits on investor withdrawals
Cardone Doubles Down on Multi-Family and Bitcoin Model
Grant Cardone said in an X post on Aug. 28 that his $5.3 billion real estate investment firm was doubling down on its multifamily and Bitcoin model by adding about 2,000 apartments and 1,200 BTC. Cardone did not provide the purchase price, execution dates, or a breakdown showing which funds received the Bitcoin.
The firm's model places income-producing apartment buildings and Bitcoin inside private investment vehicles. Rather than relying mainly on new stock or debt sales, Cardone Capital directs part of the rental cash generated by selected properties toward recurring BTC purchases. This connects to the broader corporate Bitcoin treasury trend covered in Metaplanet's Bitcoin transfers and Strategy's BTC sales pause.
Property Income Funds Bitcoin Purchases
Under the strategy, property managers first work to increase the cash flow generated by apartment buildings. The firm then uses a portion of the available income to purchase Bitcoin, including when the cryptocurrency falls in price. Purchases follow a dollar-cost averaging method, allowing the funds to add Bitcoin at regular intervals instead of making their entire allocation at one price.
Before the latest disclosure, Cardone Capital had already built a Bitcoin position through several purchases. The firm held about 1,000 BTC in January after buying another $10 million worth. During a June market decline, the firm purchased another 282 BTC for about $18 million while Bitcoin traded near $63,000. Cardone also said at the Consensus 2026 conference that the company had added $100 million in Bitcoin as part of a transaction that included about $235 million in real estate. This connects to the Genius Group's $827M Bitcoin treasury plan.
Private Funds Differ From Listed Bitcoin Investments
For U.S. investors, the fund structure differs from buying shares in a spot Bitcoin ETF or a publicly traded Bitcoin treasury company. An ETF trades on an exchange and generally allows investors to enter or leave during market hours, while Cardone Capital's private vehicles may require longer holding periods. The company primarily offers its funds to accredited investors.
Cardone has argued that private funds offer more flexibility than REITs because listed real estate trusts generally must distribute at least 90% of taxable income to shareholders. His funds can keep part of property income and deploy it into Bitcoin. Gold advocate Peter Schiff disputed the approach, arguing that combining real estate with Bitcoin solves nothing. Cardone has described the design as inspired by treasury companies but with real assets and real cash flow, projecting annual returns of 22% to 32%.
Bitcoin and Property Risks Affect the Same Vehicle
Combining the assets exposes investors to changes in both markets. A prolonged Bitcoin decline could lower the value of a fund's digital-asset position, while vacancies, repair expenses, insurance costs, interest rates and weaker rental demand could reduce the cash available for future purchases. Private-fund lockups add another constraint because investors may not be able to withdraw capital on demand. With the latest addition, the company is working toward a target of 10,000 BTC across 10 specialized funds, with an interim goal of 3,000 BTC by end of 2026.
