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People often get their partner’s name tattooed as a sign of commitment. Real estate guru Grant Cardone has emblazoned Bitcoin’s logo on his private jet. Will it end in regret?
“I’m not bullish on Real Estate & BTC, I’m committed,” Cardone said on Nov. 23 on X, revealing Bitcoin logos on the belly and wings of his roughly $70 million private jet.
“BTC will redefine how real estate is purchased,” he said. “I am so convinced I put in on the wing & belly of my ‘little’ plane.”
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Cardone has flipped bullish on Bitcoin over the past year. He has hailed the asset as a store of value and launched funds combining it with real estate to capture its liquidity, volatility and potential upside.
Cardone has consistently purchased Bitcoin to support his new funds over the past year. These purchases have not stopped with the asset’s recent nearly 40% crash from its price record of $126,000 to as low as $80,600, in perhaps another sign of his conviction.
If anything, Cardone appears to have welcomed the opportunity to purchase the asset for cheap with several limit orders. Last month, he took advantage of the dip to add nearly 500 BTC, worth about $50 million, to Cardone Capital‘s holdings. Earlier this month, he added nearly 900 BTC, valued at about $84 million. And just last week, he said Cardone Capital added 185 BTC for about $15 million at $82,500 per coin.
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Ultimately, Cardone has said he intends to acquire 10,000 BTC, which would be combined with 15,000 apartment units across 10 funds that he would take public. So far, he has launched three of these funds: the Space Coast Bitcoin Fund, the 10X Miami River Fund, and the 10X Boca Raton Bitcoin Fund.
The Space Coast Fund announced in December 2024 combined 300 Florida apartment units with $15 million worth of Bitcoin and has been oversubscribed. Same with the 10X Miami River Fund announced in May that combined 346 apartments on the Miami River with $300 million worth of Bitcoin.
The 10X Boca Raton Bitcoin Fund intends to combine 366 apartment units with $100 million in Bitcoin.
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