Grant Cardone's company buys Bitcoin monthly and will refinance to add 500 BTC

In short

• Grant Cardone told Peter Schiff his company buys Bitcoin monthly from real estate cash flow, according to Bitcoin Treasuries.
• The post says Cardone plans to buy another 500 BTC by refinancing, a figure Cardone has not confirmed himself.
• Cardone Capital held 3,000 BTC and targeted 25,000 coins alongside 25,000 apartments, according to Stocktwits.
• Cardone has said commercial real estate faces a reset as borrowing costs near 6.4% cap buyer prices.

Grant Cardone , the billionaire real estate investor, told Peter Schiff that his company buys more Bitcoin every month using cash flow from its property business and plans to buy another 500 BTC by refinancing, according to a post on X by Bitcoin Treasuries. The post, dated 12 October 2026, said Cardone is using "an entirely different asset class" to add to his Bitcoin holdings. Odaily carried the same account on 12 October 2026.

Cardone runs Cardone Capital, a real estate investment firm that buys apartment buildings and office space and puts Bitcoin on the balance sheet alongside the property. According to Stocktwits on 27 September 2026, the firm held 3,000 BTC and wanted 25,000 coins sitting alongside 25,000 apartments. Cardone has described Bitcoin as a "complementary asset" to property, adding liquidity without the operational burden of buildings.

Cardone's monthly Bitcoin buying

The 500 BTC figure comes from a single second-hand post by Bitcoin Treasuries, which quoted Cardone speaking to Schiff. Cardone and Cardone Capital have not confirmed the refinancing plan themselves. It isn't clear yet which properties would be refinanced, on what terms, or when the purchases would happen.

Why refinancing property buys Bitcoin

The plan fits a pattern Cardone has described before. In an interview reported by Stocktwits on 27 September 2026, he said commercial real estate was heading into "almost Armageddon conditions" as higher borrowing costs bite. He said five-year all-in borrowing costs sit around 6.4%, capping what buyers can pay and forcing owners to sell below replacement cost. He also said a trillion dollars of commercial loans matured within six months.

Cardone has said the gap between what a building was worth and what it sold for is where Bitcoin comes in. He described pairing the two because they fail in opposite directions: property throws off cash but cannot be sold quickly, while Bitcoin trades around the clock and swings in price. "It doesn't have gutters and roofs and termites and tenants and evictions and legal problems," he said of Bitcoin. "It just sits there to solve future problems."

Cardone's argument is that real estate investment trusts cannot follow him. REITs must pay out 90% of their income to shareholders and are barred from holding currency on the balance sheet, he has said, which rules the strategy out for them. "There's a $4 trillion REIT industry that controls most of the real estate in this country," he said. "They can never ever own Bitcoin or have Bitcoin on their balance sheet. So I have a moat around my business."

What the 500 BTC plan means for holders

For ordinary holders, the news is a reminder that corporate Bitcoin buying is spreading beyond dedicated crypto firms into property, and that the buyers' plans often rest on debt rather than spare cash. For traders, the 500 BTC figure is small next to Cardone Capital's existing 3,000 BTC and its 25,000-coin target, so the signal matters more than the size. For Cardone Capital's property investors, the refinancing would add leverage to buildings whose cash flow is already committed to buying Bitcoin.

Reactions to the Schiff exchange

Reactions to the post were brief. Robert Nass (@nassquantum) said on X that it was "real estate cash flow into Bitcoin". SHATOSHI (@SHATOSHI_BTC) said on X that Cardone was "refinancing buildings to buy Bitcoin, in front of schiff of all people", a reference to Schiff, a longtime Bitcoin critic.

Cardone has not said when the refinancing would close or which lender would provide it. Until Cardone or Cardone Capital confirms the plan, the 500 BTC figure rests on Bitcoin Treasuries' account of a conversation.

Questions readers ask

How much Bitcoin does Grant Cardone's company plan to buy?

Bitcoin Treasuries said on X on 12 October 2026 that Grant Cardone told Peter Schiff his company will buy another 500 BTC by refinancing. Cardone and Cardone Capital have not confirmed that figure themselves, so it rests on that single post.

How much Bitcoin does Cardone Capital already hold?

According to Stocktwits on 27 September 2026, Cardone Capital held 3,000 BTC and wanted 25,000 coins sitting alongside 25,000 apartments. Cardone has said each property purchase carries more Bitcoin onto the books.

Why is Grant Cardone buying Bitcoin with property cash flow?

Cardone has described Bitcoin as a complementary asset to real estate. He says property throws off cash but cannot be sold quickly, while Bitcoin trades around the clock, and that it avoids the gutters, roofs, tenants and legal problems that come with buildings.

Our view

The direction of travel is clear: more billionaires will move into crypto, because Bitcoin's supply is capped and its potential is large. More than 87% of all Bitcoin has already been mined, and the rest will not be issued until 2140, so the asset is scarce by design. That is the case for treating Cardone's plan as part of a broader shift rather than a one-off. The caveat is confirmation. The 500 BTC figure comes from a single second-hand post by Bitcoin Treasuries, and neither Cardone nor Cardone Capital has said it themselves. If Cardone confirms the refinancing, the thesis strengthens; if he stays silent, the number should be treated as unverified.

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— Ishu Aggarwal

What to watch: Cardone or Cardone Capital has not said when the refinancing would close or which lender would provide it.