Summary
- Cardone Capital announced the additional purchase of 130 Bitcoins.
- This purchase marks the fourth transaction that combines real estate and Bitcoin.
- It was also revealed that there were plans to create a new fund for purchasing Bitcoin.
US real estate investment firm Cardone Capital purchased an additional 130 Bitcoins (BTC).
On the 19th (local time), Grant Cardone, founder of Cardone Capital, announced via X (formerly Twitter), "Instead of purchasing an interest rate cap, we increased our capital to secure an additional 130 BTC," adding, "This is the fourth transaction combining real estate and Bitcoin, and eight more deals are in preparation."
Previously, Cardone Capital had announced plans to establish a new fund for purchasing Bitcoin.
Meanwhile, 'interest rate cap purchase' refers to buying a financial derivative that protects a borrower with a variable rate loan from interest rates rising above a certain level.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![[Exclusive] “Airdrops also taxable”... Authorities to adopt a ‘comprehensive approach’ to virtual assets](https://media.bloomingbit.io/PROD/news/4bde9dab-09bd-4214-a61e-f6dbf5aacdfb.webp?w=250)
![[Market] Bitcoin slips below $75,000…Ethereum also falls under $2,200](https://media.bloomingbit.io/PROD/news/eaf0aaad-fee0-4635-9b67-5b598bf948cd.webp?w=250)