Cardone Capital Adds 185 BTC With Real Estate Funding
Cardone Capital adds 185 BTC at $82,500 each, spending $15.3 million. Cardone Capital uses cash flow from multifamily real estate assets to fund systematic Bitcoin buying. This hybrid strategy pairs stable rental income with Bitcoin growth potential. The treasury model launched alongside the 10X Space Coast Bitcoin Fund targets a 12%-15% IRR on properties while boosting total returns through tax-free refinancing. Founder Grant Cardone credits the approach with building generational wealth. The purchase comes amid a Bitcoin price dip below $81,000. Bitcoin is trading near $84,500, struggling at the $84,000 resistance. Support sits between $82,000 and $83,000. A 4% daily drop and an RSI near 31 point to bearish momentum and increased market volatility. Traders should monitor these key levels for possible further declines.
Neutral
Cardone Capital’s purchase of 185 BTC signals institutional confidence and may provide support around key price levels. Large-scale acquisitions by major firms often bolster bullish sentiment, as seen with MicroStrategy and Tesla. However, the current market shows bearish momentum, indicated by a 4% daily drop, RSI near 31, and heightened volatility. While the real estate-backed hybrid strategy secures systematic buying, this catalyst alone may not reverse short-term downward pressure. Traders may find stability near the $82,000–$83,000 support zone, but further declines could occur if this level breaks. In the long term, methodical accumulation by institutional players underpins positive fundamentals for Bitcoin, suggesting gradually bullish prospects once market stress subsides.