CryptoCardone Capital buys Bitcoin dips with 100 BTC acquisition

Cardone Capital buys Bitcoin dips with 100 BTC acquisition

-


Key Takeaways

  • Cardone Capital purchased 100 Bitcoin during a market dip, raising its total holdings to 1,100 BTC worth about $127 million.
  • The firm plans to acquire up to 3,000 more Bitcoin by 2025, aligning real estate investing with crypto exposure.

Share this article

Cardone Capital acquired 100 Bitcoin amid a market pullback, adding to its existing holdings of 1,000 BTC worth approximately $115 million, said Grant Cardone, founder and CEO of the real estate company, on Thursday.

Bitcoin fell below $115,000 today, reaching its lowest point in three weeks after US President Donald Trump announced new trade tariffs on multiple countries, per CoinGecko. The crypto asset has declined 6.5% from its July all-time high of $122,800.

The broader crypto market also retreated, with Ether dropping 4% to $3,600, XRP declining 5% to under $3, and Solana falling 6% over the past 24 hours.

The real estate investment firm, which manages over 14,000 residential units and $5 billion in assets, first entered the Bitcoin market in late June.

Cardone said at the time that the company aims to acquire an additional 3,000 Bitcoin for its treasury by the end of 2025, combining what he called “the two best-in-class assets,” real estate and Bitcoin.

Share this article





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

PayPal Launches “Pay With Crypto” for U.S. Merchants

PayPal is getting ready to launch a new feature called Pay With Crypto, and it’s coming to U.S....

Two Decentralized Science (DeSci) Protocols Falter Following Live Listings on Coinbase

Two decentralized science altcoins are wavering after gaining support from Coinbase, the top US-based crypto exchange platform by...

UK Treasury says ‘no plans’ to introduce US-style bitcoin reserve

Despite the US introducing a strategic bitcoin reserve, the UK still deems the currency too volatile and will...

Advertisement

Ripple (XRP) Price Holds Strong Relative to Broader Altcoin Meltdown

The bears are having a field day, pushing the total cryptocurrency market capitalization down by more than $130...

PayPal and Ripple stablecoins still sub-1% despite ‘stablecoin gold rush’

Despite excellent political and banking conditions for stablecoins, PayPal’s PYUSD and Ripple’s RLUSD are still less than 1%...

Must read

PayPal Launches “Pay With Crypto” for U.S. Merchants

PayPal is getting ready to launch a new...

Two Decentralized Science (DeSci) Protocols Falter Following Live Listings on Coinbase

Two decentralized science altcoins are wavering after gaining...

You might also likeRELATED
Recommended to you