Cardone Capital Adds 130 Bitcoin in Miami River Refinance

Cardone Capital, led by entrepreneur Grant Cardone, has completed its Miami River refinance by adding another 130 Bitcoin to its portfolio. Instead of purchasing rate caps, the firm opted to raise equity to pay down debt, locking Fannie Mae debt at a competitive rate of 4.89%. This marks the company's fourth transaction integrating Bitcoin into its real estate investments, with eight additional projects currently underway.

Cardone Capital, headquartered in Florida, specializes in multifamily real estate investments and has garnered attention for its innovative approach to combining cryptocurrency with traditional asset classes. The addition of Bitcoin to its portfolio reflects an emerging trend where real estate firms explore digital assets as part of their financial strategy. In the past year, similar moves were observed from companies like MicroStrategy and Tesla, which have heavily invested in Bitcoin as part of their treasury strategy.

Grant Cardone, known for his outspoken personality and expertise in sales and real estate, has emphasized the importance of diversifying investments. While some industry leaders applaud the integration of cryptocurrency into real estate as forward-thinking, others remain skeptical about the volatility of Bitcoin and its potential impact on long-term returns. Elon Musk's Tesla and Michael Saylor's MicroStrategy have previously faced scrutiny for their substantial Bitcoin holdings, highlighting the ongoing debate around corporate cryptocurrency investments.

This latest transaction aligns with broader trends in the financial world, where Bitcoin is increasingly viewed as a mainstream asset. Cardone Capital's move could encourage other real estate firms to consider cryptocurrency as part of their investment portfolio, signaling a shift in traditional asset management practices.