Grant Cardone says he will keep buying bitcoin using real estate cash flows

Grant Cardone announced his intention to continue purchasing Bitcoin, utilizing cash flows generated from his real estate holdings, on March 18, 2024. He presented his investment strategy as a treasury model, emphasizing that it is supported by income from properties rather than equity sales. Cardone views the current downturn in Bitcoin's price as a strategic opportunity to increase his holdings. He stated that his company has already acquired an additional $500,000 worth of Bitcoin this week, bringing his total investment to $75 million. Cardone plans to deploy another $500,000 into Bitcoin by the end of the month, with a target of reaching $100 million in Bitcoin holdings by the end of 2024. He also mentioned that his company has been actively selling properties to fund these Bitcoin purchases, with $20 million in property sales completed in the last 90 days. Cardone believes that Bitcoin is a superior store of value compared to traditional assets like gold and that its price will reach $250,000 by 2025. He further elaborated on his strategy in a social media post, detailing how his real estate portfolio generates approximately $5 million in monthly cash flow, which is then allocated to Bitcoin acquisition.