Grant Cardone launches real estate Bitcoin company! Rent to buy coins to create a new version of MicroStrategy

Cardone Capital CEO, billionaire Grant Cardone, announced that in 2026 he will launch the world’s largest real estate Bitcoin company, aiming to create “the next Michael Saylor.” He plans to leverage monthly rental cash flow and depreciation advantages from real estate to purchase BTC, accumulating 3,000 Bitcoins by the end of 2026. The company intends to bundle and list a fund combining ten real estate and Bitcoin assets.

Rent-to-Buy-Bitcoin Model: Turning Real Estate Cash Flow into a Bitcoin Engine

Grant Cardone’s core innovation lies in combining the stable cash flow of real estate with Bitcoin’s asymmetric upside potential. He states, “We will use real estate cash flow—monthly rental income—and depreciation—to buy Bitcoin.” This model is fundamentally different from Strategy (formerly MicroStrategy), which relies solely on capital markets financing to buy coins. Real estate provides genuine cash flow, making coin purchases more sustainable and less dependent on stock price performance.

Since March, Cardone has completed five such transactions. A recent example is highly representative: he used the opportunity of softening property prices due to credit market tightening to purchase a property valued at $88 million for $72 million. Subsequently, he injected $15 million worth of Bitcoin into the fund, holding it together with the property. The fund has no debt, which is rare, and the property generates approximately $350,000 in monthly cash flow.

The brilliance of this structure lies in multiple leverage effects. First, the property is acquired below market value, immediately creating paper appreciation. Second, the monthly rental cash flow continuously buys Bitcoin, forming a “compound interest” effect over time. Third, depreciation offers tax advantages, reducing taxable income without affecting cash flow. Fourth, if both real estate and Bitcoin appreciate simultaneously, the fund’s value will grow exponentially.

Grant Cardone directly states the core idea: “This is the new model: real estate plus Saylor. It’s like we have a real cash flow model.” His emphasis on “real cash flow” subtly criticizes the Strategy model. Strategy mainly raises funds by issuing convertible bonds and secondary stock offerings to buy coins, which works well in a bull market. However, if Bitcoin prices stagnate or decline long-term, the company faces debt pressure and stock price collapse risks. In contrast, rental income from real estate continues regardless of crypto market volatility, providing a stable source of funds for ongoing coin purchases.

2.3 Billion USD Boca Raton Case: Operational Logic

Cardone’s latest investment move is to spend $230 million to bid on a Boca Raton apartment building currently in bankruptcy auction. He plans to invest $100 million of Bitcoin into this deal, possibly even listing the entire hybrid investment project. This bold move demonstrates his confidence in the real estate Bitcoin company model.

$100 million in Bitcoin accounts for about 43% of the total $230 million investment, a proportion far above traditional real estate fund risk asset limits. Cardone’s aggressive allocation is based on two judgments: first, he believes Bitcoin’s long-term upward trend is highly certain; second, the stability of real estate can hedge Bitcoin’s volatility. If Bitcoin doubles in price, $100 million becomes $200 million, and the entire fund’s value could jump from $230 million to $330 million—this leverage far exceeds pure real estate investments.

However, the risks are equally significant. If Bitcoin halves in value, $100 million shrinks to $50 million, and the overall fund value drops from $230 million to $180 million. More critically, if there is an urgent need to liquidate Bitcoin to cope with a real estate downturn or declining rental income, selling in a bear market could incur huge slippage and losses. This dual-asset exposure acts as an accelerator in a bull market but could become a noose in a bear market.

Cardone plans to list the entire hybrid project, which is a key exit mechanism. Through an IPO or SPAC (Special Purpose Acquisition Company), he can sell shares to the public at a high asset valuation, realizing multiple or even dozens of times return on investment. This “build—appreciate—list—cash out” cycle is the core logic he plans to repeat ten times. If each project is successfully listed, Cardone will establish a massive real estate Bitcoin empire.

Three Major Advantages of the Real Estate Bitcoin Company Model

Stable cash flow supports continuous coin buying: Monthly rental income continues regardless of crypto market fluctuations, avoiding Strategy-style debt financing risks, making coin purchases more sustainable.

Depreciation tax shield provides capital advantages: Real estate depreciation offsets taxable income, reducing taxes without affecting actual cash flow. These tax savings can be used to buy more Bitcoin.

Dual-asset appreciation leverage effect: The combined appreciation of real estate + Bitcoin causes the overall fund value to grow far beyond single-asset investments, creating explosive growth stories for IPO valuation.

3,000 BTC Target and Timing Game

Grant Cardone clearly states, “We will accumulate 3,000 Bitcoins by the end of next year.” At the current Bitcoin price of about $87,000, this amounts to a purchase scale of approximately $261 million. Based on the progress of five completed transactions since March, averaging less than one per month, the pace needs to accelerate significantly to reach 3,000 BTC by the end of 2026.

The feasibility of this target depends on several factors. First, Cardone Capital must continue acquiring real estate to generate sufficient cash flow. Second, investor confidence in this hybrid model and willingness to subscribe to new funds. Third, if Bitcoin prices surge, the amount of BTC that can be bought with the same capital will decrease, potentially making the 3,000 BTC goal unattainable. Conversely, if Bitcoin prices fall, it becomes easier to reach the quantity goal, but the overall fund value may not meet expectations.

The timing of the listing is critical. Cardone plans to list the first hybrid fund “by the end of this year or early next year.” If this window coincides with a Bitcoin bull market peak and a real estate market recovery, IPO valuation could be very high. However, if market timing is poor, the listing might fail or be undervalued. His ambitious goal to “complete ten such projects” depends on the success of the first project as a demonstration.

Expert opinions vary. Ian Kane, founder of Firepan, believes the logic makes sense and suggests that long-term Bitcoin holders might convert gains into passive income investments, “real estate can hedge cryptocurrency volatility.” However, Louis Adler of REAL New York argues that Bitcoin and real estate are incompatible: “Real estate is fundamentally a traditional asset class, and the volatility of cryptocurrencies introduces too many unknowns.”

The key advantage Cardone has is that he possesses assets ordinary investors do not: a $4.9 billion real estate empire, a network of 20,000 investors, $1.6 billion in fundraising capacity, and strong public influence. This is not a replicable model for beginners, but it demonstrates how those with substantial capital can simultaneously explore the boundaries of two asset classes.