Cardone plans 25,000 bitcoin alongside 25,000 apartments
Grant Cardone says high interest rates have pushed commercial property below replacement cost, and he is using bitcoin on his balance sheet to bridge the gap.
Key points
- Cardone Capital's founder says he wants to own 25,000 apartments and 25,000 BTC
- He describes real estate as his "Trojan horse" for accumulating bitcoin
- He argues REITs cannot hold bitcoin, which he calls a competitive moat
- The interview cites a $335m Boca Raton deal and Michael Saylor's "P word"
- He expects a historic crash in commercial real estate but not in single-family home prices
Grant Cardone says commercial real estate is going through a historic reset, and he is using the moment to accumulate bitcoin. The Cardone Capital founder made the case in an interview published by Bitcoin Magazine, where he described high interest rates as the force pushing properties below replacement cost.
Cardone said rates around 6.4 per cent have left many commercial buildings worth less than it would cost to build them again. He frames that gap as an opportunity rather than a warning, because it lets his firm buy assets cheaply while holding bitcoin on the balance sheet.
His stated goal is to own 25,000 apartments and 25,000 BTC. Cardone described real estate as his "Trojan horse" for bitcoin, meaning the property business gives him a route to raise and store wealth in the cryptocurrency. He said the strategy has taken him from roughly 3,000 BTC towards that larger target.
Rates push property below cost
According to the interview, publicly traded REITs cannot easily hold bitcoin, and Cardone treats that constraint as a competitive moat for his private vehicle. He also discussed a $335m deal in Boca Raton and referenced Michael Saylor's "P word", without the article setting out further detail on either point.
Cardone said he expects a historic crash in commercial real estate, while arguing that single-family home prices will not correct in the same way. He presented bitcoin and property together as a hybrid asset for storing wealth, and said other real estate investors cannot easily copy the approach.
The interview also touched on whether Cardone Capital might go public. Bitcoin Magazine published the discussion in video form with chapter markers, and included a disclaimer that the views are the participants' own and not investment advice.
Twenty-five thousand of each
The remarks add to a wider trend of property and corporate treasuries turning to bitcoin. Bitcoin Magazine's page also listed separate stories on North Korean hackers linked to a $388m Bitget theft, nearly $3bn of bitcoin ETF inflows, and a treasury strategy proposing daily dividends on preferred stock.