- On Thursday, Grant Cardone shared his post on X, saying “I am selling all my botcoin,“Obviously he mentions Bitcoin Holdings.
- Although he did not clearly mention the name of BTC, the tweet has sparked a discussion among the community about his strategy, as the day before, Cardone Capital acquired 130 BTC.
- Amid the turmoil in the crypto market, Bitcoin has dropped below $74,000 after recording a surge in outflows from Bitcoin ETFs.
As the entire crypto community panics following the bearish sentiment, Grant Cardone, the founder and CEO of Cardone Capital, has shared a scathing message on his X handle, saying that he plans to sell all of his “botcoin”.
In the middle of the decline of the crypto market, where Bitcoin (BTC) has fallen below $ 74,000, a post from Grant Cardone has started a discussion on the Internet, and even some people have started to shake him because of this statement.
Grant Cardone’s Comment Comes One Day After Cardone Capital Acquires 130 Bitcoin
On May 27, Cardone Capital acquired 130 Bitcoins when the entire crypto market went down.
The company began to accumulate Bitcoin at the end of 2024 with his first purchase of $ 4 million. However, they increased their position in 2025 when the company collected 1,000 BTC and added to its wealth. He always buys dip in the market.
Earlier this month, Grant also expressed his confidence in his hybrid strategy combining BTC and real estate. He also revealed that he has poured $100 million into Bitcoin to grow his wealth. Earlier he said, “We just added $100 million worth of bitcoin. We believe that if we combine real estate with bitcoin, we will have between 22% and 32% return. “
As of now, Cardone Capital is currently close to $200 million in Bitcoin. However, the company’s strategy is very different from digital assets (DATs), such as Strategy. Grant Cardone did not directly buy Bitcoin (BTC) from an exchange like many people do. Instead, he has offered a $100 million package of Bitcoin directly in the $235 million purchase of a property in Boca Raton, Florida.
Traditional Real Estate Investment Trusts (REITs) are not allowed to hold cryptocurrencies on their investment accounts under current regulations. This is why, in order to hold BTC, Cardone created a private LLC. The organization now stores physical and digital assets in one place.
He said, “I’m not putting any money on the blockchain. What I’m doing is buying a bunch of bitcoin and putting it in a discount slot. “
Bitcoin Falls Below $74,000 After Huge Outflow in ETFs
In the middle of the political crisis after the exchange of new weapons between the US and Iran, the crypto market has also seen a sharp fall after investors started to withdraw their money due to the fear of growing instability in the crypto market.
At the time of this writing, the price of Bitcoin (BTC) is trading around $73,406 is a 1.2% drop in the last 24 hours, according to CoinMarketCap price. Its market capitalization has also fallen below $1.5 trillion, with a 22% increase in daily trading.
Amid the turmoil in the Middle East and the global energy crisis, investors are pulling their money into Bitcoin ETFs (exchange-traded funds), which was also seen in the recent breakout.
(Source: Coinglass)
On May 27, Bitcoin ETFs recorded over $733 million in inflows. This was the largest outflow recorded in the last 7 days.
In addition to this fall, the crypto sector is also affected by another serious problem, where DeFi platforms are favored Kelp DAO are facing a number of surprising cyber threats.
