Home CryptocurrencyCardon Capital buys bitcoin dips with 100 BTC acquisition

Cardon Capital buys bitcoin dips with 100 BTC acquisition

by Hammad khalil
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key takeaways

  • Cardon Capital bought 100 bitcoin duying a market dip, which made its total holding 1,100 BTC, priced at around $ 127 million.
  • The firm plans to obtain more than 3,000 bitcoins by 2025, aligning real estate with crypto exposure.

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The founder and CEO of the Real Estate Complete said on Thursday that Cardon Capital acquired 100 bitcoins between the market’s pullbacks, with a 1,000 BTC current holding to his existing holding around $ 115 million.

Bitcoin fell below $ 115,000 today, reaching its lowest point, Crypto’s assets have fallen by 6.5% from July, which is the all-time high $ 122,800.

The comprehensive crypto market also retreated, falling 4% with Ether with $ 3,600, XRP 5% decreased by $ 3, and Solana fell 6% in the last 24 hours.

The real estate investment firm, which manages over 14,000 residential units and assets of $ 5 billion, first entered the bitcoin market in late June.

Cardon said at the time that the company aims to acquire an additional 3,000 bitcoin for its end of 2025, which he called “The to Best-in-Class Assets,” Real Estate and Bitcoin.

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