Key Takeaways:
- Cardone Capital pushed bitcoin holdings past 2,700 BTC.
- The firm uses real estate cash flow to fund purchases.
- BTC traded near $59,000 as ETF outflows extended to seven days.
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Cardone Capital tops 2,700 BTC as real estate mogul buys the dip near $59K
Cardone Capital increased its bitcoin holdings to more than 2,700 BTC, buying as the cryptocurrency slid toward $59,000.
"Cardone Capital BTC hybrid was inspired by treasury companies but with real assets and real cash flow," Grant Cardone, chief executive officer of Cardone Capital, said in a post on X.
The firm, which manages about $5.3 billion in assets, uses income from its portfolio of thousands of residential units and Class A office space to dollar-cost average into bitcoin. Cardone Capital held roughly $200 million in bitcoin as of May, built from an initial 1,000-coin purchase in 2025 and subsequent additions.
The accumulation comes as US spot-Bitcoin ETFs bled more than $1.3 billion last week, with BlackRock's IBIT recording a record $444.5 million single-day outflow on June 26. Cardone's model contrasts with the corporate bitcoin treasury approach used by Strategy, which funds purchases through stock and debt issuance rather than operating cash flow.
Cardone has projected returns of 22 percent to 32 percent for the hybrid structure, a claim that remains his own forecast rather than a verified track record. The real estate investor pitched his model as a treasury company backed by cash-flowing property rather than capital markets, framing the slide in bitcoin as an opportunity to accumulate.
The buying coincides with a broader risk-off move that pushed BTC below $60,000. Research firm Capital Flows described the drawdown as a "credit unwind" tied to a rotation out of gold and bitcoin ETFs into semiconductor funds, according to a report cited by Stocktwits. Bitcoin's funding rates remained mostly neutral through the drop, suggesting the sell-off was driven by spot selling rather than leveraged liquidation.
Strategy, the largest corporate bitcoin holder, continues to accumulate alongside Cardone, holding 847,363 BTC as of late June. Michael Saylor has signaled further purchases.
This article is for informational purposes only and does not constitute investment advice.
[1] Grant Cardone Buys the Dip: Cardone Capital Tops 2,700 BTC With Bitcoin Near $59K[2] Grant Cardone says he will keep buying bitcoin using real estate cash flows[3] Why Bitcoin Is Falling Today: BTC Selloff Tracks Tech Correction, Analysts Call It A Credit Unwind - TradingView[4] Bitcoin ETF Investors, Once the Market’s Steady Hand, Are Now Leading the Selloff - Crypto News Australia[5] Crypto Daily Market Report – June 29, 2026 - KuCoin
