What recent deal has Grant Cardone announced?Grant Cardone, head of Cardone Capital, has shared that his firm finalized a significant deal valued at $235 million in real estate, combined with a $100 million investment in Bitcoin. This revelation occurred during a discussion at Consensus Miami 2026.
How could Cardone's Bitcoin-backed model change real estate investing?Cardone suggests that this innovative model, which merges real estate with Bitcoin holdings, has the potential to deliver returns exceeding typical Real Estate Investment Trusts (REITs). These traditional REITs, which are investment structures that own or finance income-producing properties, often distribute a major portion of their taxable income to shareholders. Since they can't directly hold Bitcoin on their balance sheets, Cardone believes they have structural limitations that his model can overcome.
What are the expected returns from Cardone's model?He anticipates that combining property cash flow with the appreciating value of Bitcoin may result in returns between 22% and 32%. In contrast, traditional REITs historically yield annualized returns in the range of 8% to 11%, depending on various factors.
What is Cardone Capital's history and future plans?The recent Bitcoin investment, which significantly adds to Cardone Capital's asset portfolio, follows the company’s acquisition of 1,000 BTC in 2025, bringing its total Bitcoin exposure to around $200 million. Cardone aims to grow this to 10,000 BTC by the close of 2026. Additionally, approximately 80% of the fund's investors are reportedly new to Bitcoin, suggesting the initiative is also helping to recruit new participants into the cryptocurrency markets.
Cardone Capital was established in 2016 with the mission of allowing everyday investors access to institutional-quality multifamily property deals. The firm is reportedly preparing for an IPO in 2026, which would introduce greater transparency and oversight to its investment strategy, currently conducted within the confidentiality of a private fund.