Cardone Capital Makes Bold 3,000 BTC Bet – Pivoting to Bitcoin-Backed Real Estate Play
Wall Street meets Satoshi as Cardone Capital drops a 9-figure crypto bombshell.
The real estate investment firm just announced plans to acquire 3,000 Bitcoin—a $200M+ position at current prices—to collateralize property deals. Forget REITs, we're entering the era of BTC-backed deeds.
Why the sudden pivot? The firm's memo cites 'institutional-grade hedging' and 'blockchain-enabled liquidity' (translation: their traditional lenders got cold feet).
This isn't your grandpa's store-of-value thesis. The playbook? Use BTC as collateral for rapid property acquisitions while 'hodling' the upside. Risky? Absolutely. But when did that ever stop a real estate mogul?
One hedge fund manager quipped: 'Finally, a way to lose money on both crypto winter and a housing crash simultaneously.' The market's response? Bitcoin barely blinked—proving once again that $200M is just another Tuesday in crypto land.