Cardone Capital Buys $10M More Bitcoin Amid Market Dip
Cardone Capital said it is putting an extra $10 million into Bitcoin, a move CEO and founder Grant Cardone describes as part of the firm's broader real estate investment strategy. The buy comes as Bitcoin dipped toward $93,000 amid escalating geopolitical tensions involving Greenland and Europe, which have pressured risk assets and prompted short-term selling.
While $10 million is small compared with large institutional allocations, the purchase underscores a trend of asset managers using crypto to diversify portfolios and to buy on market weakness. The trade may signal confidence from a high-profile investor and could provide incremental demand during volatile periods, though geopolitical and macro risks remain key drivers of near-term price swings.