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Real estate giant Cardone Capital has increased its holdings by approximately 1000 Bitcoins.
According to Techub News, Grant Cardone, CEO of Cardone Capital, a real estate investment company with assets under management exceeding $5 billion, tweeted that Cardone Capital has increased its holdings by approximately 1,000 Bitcoins on its balance sheet, becoming the first real estate/Bitcoin company to adopt a full Bitcoin strategy. The group expects to acquire an additional 3,000 Bitcoins this year.
Techub News previously reported that Cardone Capital launched a hybrid real estate and Bitcoin fund, the 10 X Miami River Bitcoin Fund. The company's long-term goal is to accumulate $1 billion in real estate and $200 million in Bitcoin as reserve assets through the hybrid fund.