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Grant Cardone Wants to Use Real Estate Cash Flow to Buy Bitcoin. Here’s How

Grant Cardone is the founder and CEO of Cardone Capital, a firm that manages about $5 billion in real estate. And he just introduced a new fund that invests property-generated cash flow into bitcoin (BTC).
“Nobody else has ever done this to scale. Nobody’s ever done this particular model,” Cardone told CoinDesk in an interview. “And the response from our investors is phenomenal.”
“There’s a buddy of mine who’s known me for 15 years. He’s never invested a penny with me. He’s also never bought any bitcoin. He told me bitcoin was too risky, and the real estate was too slow. When I showed him the fund, he put $15 million in the deal,” Cardone said.
How does it work?
For his pilot project, Cardone bought an apartment complex on the Space Coast in Melbourne, Florida, for $72 million, and ploughed an extra $15 million in bitcoin into the fund, for a total of $88 million. The cash flow generated by the property will be dollar-cost averaged into bitcoin every month for the next four years — or at least until the fund’s asset ratio, currently at 85% real estate and 15% bitcoin, shifts to 70% real estate and 30% bitcoin.
If the top cryptocurrency, now trading for $104,000, reaches the $158,000 mark within a year, the entire fund will grow by 25% in value. If it reaches $251,000 in two years, that number shoots up to 61%. Cardone’s projections assume that bitcoin will hit $1 million per coin within the next five years, and keep going up after that.
And his ambition is to roll out 10 other such projects before June, for a grand total investment of $1 billion. If bitcoin rises according to Cardone’s projections, Cardone Capital may end up with a bitcoin reserve potentially worth hundreds of millions of dollars solely off the back of its real estate cash flow.
Taking a page out of Saylor’s book
Cardone has been buying real estate for 30 years, and he’s famous for it, with over 4.8 million followers on Instagram, 2.7 million on YouTube, and 1.1 million on X. Cardone Capital manages 15,000 units — 6,000 of which belong to Cardone himself, and 9,000 of which have been crowdfunded across 18,400 investors, accredited or not. The firm distributes $80 million a year in dividends, and its last six deals were all paid in cash. “We don’t take institutional money,” Cardone said. “No sovereign funds, no Wall Street.”
“I am definitely a risk-taker, but I’m a real estate guy, so compared to the degenerates in the blockchain industry, I am so conservative, it’s unbelievable,” Cardone said. Despite studying bitcoin for seven years, he did not see a way to combine real estate and bitcoin until MicroStrategy (MSTR) co-founder Michael Saylor suggested the model to him. “This is really a version of what he’s doing at MicroStrategy,” Cardone said.
One of the advantages of the real estate-bitcoin fund is that it allows the firm to raise capital much faster. Not only are investors piling into the initiative, but Cardone plans on issuing corporate bonds to get some long-term, cheap money, and somewhat replicate Saylor’s convertible note formula.
He also wants to put up combined mortgages against the projects. Bitcoin mortgage products do not yet exist, he noted, but Cardone expects that to change after he’s done plowing hundreds of millions of dollars into these hybrid projects. “$700 million worth of real estate paid for with cash, $300 million worth of bitcoin, and no debt. Who wouldn’t give me a loan for $500 million against the combination?” he said. “I’m talking about very friendly long-term debt, no margin calls. Seven to 10 years.”
Not to mention the possibility of the firm going public, which Cardone says could occur in 2026.
Cardone plans to buy bitcoin in a price-agnostic way — meaning that he won’t be focused on buying dips, but will simply purchase bitcoin within 72 hours of the monthly distributions coming in. Nor will the firm take exposure to bitcoin through any spot exchange-traded funds (ETFs); the plan is to hold the cryptocurrency through an institutional custodian.
Does he ever plan on selling? Not in the immediate future. But he still has concerns about the growing frenzy surrounding cryptocurrencies.
“The place I’m at in my life, I can take this chance. I don’t need more cash flow,” Cardone said. “But if you’re 25 years old and you’re trying to get some cash flow for life, bitcoin is not a solution. It’s a bet, it’s a gamble, and you got to pay rent, you got to take care of your family, you got to feed your bills. And bitcoin just doesn’t do that.”
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Trump’s Memecoin Dinner Questioned by Top Democrat on House Judiciary Committee

A senior Democrat in the House of Representatives, Jamie Raskin, joined his name to lawmakers seeking answers about President Donald Trump’s recent dinner for top investors in his memecoin, sending questions directly to Trump.
Raskin, the ranking Democrat on the House Judiciary Committee, has been a vocal critic of the president and becomes the latest of many from his party to probe details about the event, which they’ve called out as evidence of White House corruption. Because Raskin is in the minority party, his demands are unlikely to lead to further congressional action unless they regain the House or Senate in next year’s elections.
«I write today to demand that you release the names of all the attendees at this dinner and provide information about the source of the money they each used to buy $TRUMP coins, so that we can prevent illegal foreign government emoluments from being pocketed without congressional consent,» Raskin wrote this week to the president, joining many counterparts in the Senate in seeking the information, including Senators Elizabeth Warren, Chris Murphy and Richard Blumenthal.
«We deserve to know who is paying for access to our president, and what steps you took to ensure that the funds you receive are legitimate and legal, rather than the proceeds from foreign states or monarchs or illegal activities,» Rasking said, specifically highlighting Tron founder Justin Sun, a guest who was a major early investor in Trump’s family crypto operations.
Read More: Democrats Threaten Lawsuits, Join Protests Ahead of Trump Memecoin Dinner
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FTX Repayments May Have Positive Market Impact: Coinbase

The FTX Recovery Trust will begin distributing over $5 billion in cash and stablecoins to creditors starting on Friday, with funds expected to land in accounts within the next three business days via BitGo and Kraken.
And there’s a chance this wave of repayments will help lift the crypto market, analysts at Coinbase wrote in a report on Friday.
It’s the second major round of repayments following the exchange’s collapse. The first, which began on Feb. 18, returned roughly $7 billion to creditors with claims under $50,000. That did little to lift broader crypto markets at the time, which remained under pressure from macro headwinds.
This latest wave of distributions comes as investor sentiment has shifted, the analysts said. Payments will arrive in stablecoins, offering recipients immediate on-chain liquidity, instead of cash and crypto. That could influence whether the funds are reinvested.
There’s also a broader sense of optimism in crypto markets, thanks in part to a rally in major assets and increased political clarity around regulation. Institutional players, in particular, may feel more comfortable acting on incoming funds, especially as Congress moves closer to passing legislation that would define the roles of U.S. regulators overseeing digital assets.
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Judge Declines to Order DOJ to Review Records in Roman Storm Case

The federal judge overseeing Roman Storm’s prosecution declined to order the Department of Justice to review its records for any materials it might have missed that would help the Tornado Cash developer at the end of a 30-minute hearing Friday morning, though she told the government it should not have any disclosure issues.
Judge Katherine Polk Failla also ruled that there were no Brady violation concerns with the Department of Justice’s conversations with the Financial Crimes Enforcement Network (FinCEN) about whether mixers needed to register as money transmitters — the conversation that prosecutors pursuing Samourai Wallet developers had with FinCEN officials, but not the prosecutors on Storm’s case — one of the DOJ representatives said in the phone conference on Friday.
If the judge had found that prosecutors had withheld information, it could affect the case moving forward.
«I’m not going to require a further review based on the representations made that there’s no additional material of this type, and based on my views that I don’t believe the material was exculpatory,» she said.
«There’s a difference between ‘this is something I’d like to know’ and ‘this is a Brady violation,'» the judge said, referring to a Supreme Court precedent that requires prosecutors to share any and all information that might help a defendant with the defendant’s team.
Storm’s defense attorneys argued during the hearing that they needed to know when the prosecutors in their case learned about the FinCEN conversation.
«They do plan to say they’re charging a conspiracy to operate an unlicensed money transmitter,» said defense attorney Brian Klein. «My question is who are they supposed to be licensed with? … this is all in the same issue. They’ve only dropped one subpart … but they’re still going to say they’re charging an unlicensed money business.»
Thane Rehn, a prosecutor who worked on the DOJ case against Sam Bankman-Fried, said that his team wouldn’t argue that Tornado Cash needed to secure a license.
«The word ‘license’ doesn’t apply here and the jury won’t be instructed on licensing issues … what we intend to prove at trial is the defendant knew they were transmitting funds derived from criminals,» he said.
The judge did at multiple points ask the prosecutors if they planned to change any other theories or charges in the weeks leading up to the trial, saying doing so might be unfair to the defense. The trial is supposed to kick off in less than two months.
Read more: DOJ Will Still Pursue Roman Storm Case Despite Blanche Memo, Prosecutors Say
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