Cardone Capital acquires 200 Bitcoin valued at $21.6M
Key Takeaways
- Cardone Capital, a US-based real estate firm, has purchased 200 Bitcoin valued at $21.6 million as part of its treasury management strategy.
- The firm's approach blends real estate income and crypto acquisition, buying Bitcoin during market dips to diversify assets.
Cardone Capital, a US-based real estate investment firm, acquired 200 Bitcoin valued at $21.6 million today as part of its treasury strategy blending property and crypto assets.
The acquisition reflects the firm’s hybrid fund approach that uses real estate cash flows to purchase Bitcoin during market dips. This strategy marks Cardone Capital’s continued integration of crypto into traditional investment portfolios.
The purchase aligns with an emerging trend among real estate firms adopting Bitcoin as a core treasury component. Cardone Capital has indicated plans to further incorporate the digital asset into its long-term investment strategies. Bitcoin currently trades at around $108,000 per coin based on the transaction value.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ZEC Value Rises 5.73% as Short Sellers Adjust Positions During Market Fluctuations
- ZEC surged 5.73% in 24 hours to $385.59, defying 9.19% weekly/monthly declines but rising 590.63% annually amid market turbulence. - "Calm Long King" trader increased ZEC short positions to $2.51M (10x leverage) with a $20K unrealized gain, contrasting losses in BTC and SOL shorts. - The trader's $17.29M ZEC short exposure reflects volatile market dynamics, with leveraged positions showing mixed gains/losses as crypto prices swing sharply. - ZEC's 24-hour rebound highlights risks for short sellers in a m
ZEC Rises 4.77% Amid Increased Short Positions and Market Rebound
- ZEC surged 4.77% in 24 hours to $386.31, with a 584.4% annual gain despite recent declines. - A prominent trader increased ZEC short positions to $17.29M, showing a $20k gain but larger losses in BTC and SOL. - Market recovery and short-position adjustments highlight ZEC’s volatility, with analysts warning of potential downward pressure if prices rise further.
ALGO Falls 1.01% While Investors Anticipate Crucial U.S. Inflation Report
- Algorand (ALGO) fell 1.01% in 24 hours to $0.1372, but rose 0.44% weekly/monthly amid market uncertainty. - Investors focus on U.S. inflation data and Fed policy, with Chair Powell signaling cautious rate-cut approach for 2026. - Earnings reports from Airbnb , Coca-Cola , and Coinbase will shape sector sentiment, while unrelated lawsuits impact PRGO and ALVO. - Global volatility in travel/aviation sectors and India's IndiGo disruptions highlight broader market risks unrelated to crypto.
BCH has increased by 32.06% over the past year as the market remains steady
- Bitcoin Cash (BCH) fell 0.19% in 24 hours but rose 32.06% annually, reflecting strong long-term demand and institutional interest. - Analysts highlight BCH's resilience amid stable trading ranges, driven by cross-border transactions and micropayments adoption. - Sustained 6.1% gains over 30 days and 7-day periods underscore BCH's role as a high-utility altcoin in diversified portfolios. - Market stability and growing mainstream recognition position BCH for continued performance amid broader crypto sustai
Trending news
MoreCrypto prices
More
