Key Highlights Cardone Capital has announced the acquisition of 185 Bitcoin, worth $15. 3 million This acquisition comes amid the current dip in Bitcoin price, pushing it below $81,000 The company is currently struggling to break the support zone between $82,000 and $83,000 On November 21, Cardone Capital announced the acquisition of an additional 185 Bitcoins amid the dip in its price. According to its founder, Grant Cardone, the company has acquired each token for $82,500, and the total acquisition cost of the company is around $15. 3 million. Cardone Capital Grows Bitcoin Holdings Amid Market Turmoil Cardone Capital has introduced a new hybrid investment model. Its plan includes a stable cash flow along with multifamily properties with an aggressive Bitcoin acquisition plan. The company started accumulating Bitcoin at the beginning of 2025. It uses the reliable income generated from large real estate holdings, such as multi-hundred-unit apartment complexes, to fund the systematic purchase of Bitcoin. The company’s founder, Cardone, revealed that the idea behind this Bitcoin strategy comes from his brother, who led him to “create a fund to buy real estate, increase Bitcoin holdings, and then use the cash flow from the purchased properties to buy more Bitcoin.” This Bitcoin treasury was established after announcing the launch of its 10X Space Coast Bitcoin Fund, combining institutional-quality real estate with Bitcoin purchases. “After studying Bitcoin for over eleven years, we’ve developed an approach that pairs the stability of cash-flowing real estate with Bitcoin’s growth potential. We will continue to target a 12%-15% IRR on our underlying real estate investments while potentially boosting total returns through this hybrid strategy,” Grant Cardone, founder and CEO of Cardone Capital, stated in a press release. “This tax-free refinancing strategy has been used by the wealthiest real estate investors and institutions for decades to build generational wealth,” Ryan Tseko, Executive Vice President of Cardone Capital, said. “Our investors potentially will get their initial capital back without paying taxes while keeping their entire ownership position in appreciating assets. It’s how the ultra-wealthy compound their wealth, and we’re making it available to our investors.” Bitcoin Price Drops Following Major Liquidation Cardone Capital has acquired a new stake in Bitcoin amid the current market dip, where Bitcoin experienced a major decline. On November 21, the cryptocurrency dropped below $81,000, though it has managed to recover quickly. At the time of writing this, Bitcoin is trading at around $84,491. 97 with a 4% drop on a daily chart, according to CoinMarketCap. The price of Bitcoin is continuously facing downward pressure and struggling to maintain its position near the $84,000 support level. This follows a sharp decline during the day’s trading that pushed the value toward $82,000. Some popular indicators are showing the market trend as bearish by citing a pattern of lower highs and strong downward price movements. Market volatility has also increased, contributing to the unstable trading environment. Trading volume has grown dramatically, but analysis indicates that this activity primarily comes from selling. This is a clear signal that sellers currently dominate the market momentum. One of the major indicators, the Relative Strength Index, on the one-hour chart, is near 31. It means the cryptocurrency is gradually approaching oversold territory but not yet indicating a potential trend reversal. All attention is now focused on the critical support zone between $82,000 and $83,0000. If it falls below this level, this could trigger further declines and push the price toward $80,000 or lower as it searches for liquidity.
https://www.cryptonewsz.com/cardone-capital-buys-market-dip-185-bitcoins/
Cardone Capital Buys Market Drip, Adds 185 Bitcoins
