Real estate mogul Grant Cardone has expanded his firm's cryptocurrency exposure by injecting an additional $100 million in Bitcoin into a hybrid investment fund. The announcement was made during Consensus Miami 2026, confirming that the fund now combines a $235 million income-producing real estate asset with Bitcoin under a single LLC structure.
With this move, Cardone Capital's total Bitcoin holdings reach approximately $200 million, building on an earlier 1,000 BTC purchase in 2025. The hybrid vehicle is designed to generate stable cash flow from property income while capturing Bitcoin's long-term upside. Cardone projects annual returns of 22% to 32%, significantly outpacing traditional real estate investment trusts (REITs), which he argues “can never, ever hold bitcoin on their balance sheet.”
Cardone emphasized that the structure is not about tokenizing real estate on a blockchain but simply “buying a bunch of bitcoin and stuffing it into the discount gap.” He noted that 80% of the fund's investors had never owned Bitcoin before, highlighting the strategy's potential to bring retail capital into crypto through a familiar asset class. Even if Bitcoin’s value dropped to zero, Cardone stressed that the underlying real estate would retain its worth.
While the strategy opens new avenues for institutional Bitcoin adoption, it may face scrutiny as the U.S. Securities and Exchange Commission has yet to issue clear guidance on such hybrid crypto-real estate products. Cardone previously signaled plans to tokenize holdings for secondary market liquidity, a vision that remains on the table alongside the immediate focus on outperforming legacy REITs.
