Real estate billionaire Grant Cardone has completed the sale of his luxury mansion in Miami for 400 Bitcoin (BTC), three days after putting the mansion on the market.
“Real estate is real, bitcoin is real,” said Cardone, a real estate titan known for being bold with money and growth.
Continuing his optimism for both Bitcoin as an asset class, in addition to being a hedge against uncertainty, Cardone agreed to only list the mansion in bitcoin.
The sale stands as one of the highest-profile real estate transactions in the U.S. involving all bitcoin, which could imply a better sales narrative between high-end luxury and the introduction of bitcoin as a digital asset.
A Luxury Oceanfront Mansion With Miami Glamour
Located at 605 Ocean Blvd in Golden Beach, Miami, the estate is over 13,000 square feet, with seven bedrooms, twelve bathrooms, and extravagant amenities like an infinity pool, a private cabana on the beach, and a professional kitchen, with Subzero and Gaggenau cooking appliances.
Designed by Martyn Lawrence Bullard and profiled in Architectural Digest, this mansion comprises all of the luxury expected from Miami- marble finishes, skylights, and 100 feet of private beach front.
With the Bitcoin price agreeing to the approximate $43 million valuation, Cardone has successfully turned a high-priced asset into a historic crypto transaction.
Also Read: Grant Cardone’s $5.1B AUM Real Estate Company Adds Nearly 1000 Bitcoin To Its Balance Sheet
Cardone’s Bold Bitcoin Strategy
Cardone’s choice to sell the property in Bitcoin is consistent with his broader financial philosophy of risk-taking for larger rewards.
In a post to his 720,000 followers on X, he said: “List for sale in BTC & 72 hours later it’s under contract! Irreplaceable real estate, I’ll regret selling it, but you can’t get to where you want to go without giving up where you are.”
This attitude is not just typical for the cryptocurrency world but similar to Cardone’s playbook in his businesses, both in real estate and coaching, which have generally been about rapid scaling and making significant decisions and transactions.
Cardone isn’t just experimenting with Bitcoin but adopting it as part of the strategy around wealth, treating it very seriously for his wealth strategy.
Also Read: Real Estate Giant Cardone Capital Unveils Hybrid Bitcoin-Real Estate Fund in Florida
Cardone Capital Expands Bitcoin Holdings
The sale comes as Cardone Capital is increasing its Bitcoin exposure. UnoCrypto reported on August 1st that the company purchased an additional 100 BTC in the fluctuation of the market, bringing its total to 1,100 BTC.
A dip in Bitcoin furthered this purchase because of the new tariffs brought in by former president Donald Trump.
Cardone has stated his company plans to accumulate as much Bitcoin as possible, ultimately reaching 3,000 BTC along with 5,000 residential properties before the end of 2025.
This strategy utilizes the long-term commitment of real estate with the risky and opportunistic nature of the digital assets.
Also Read: Grant Cardone Foundation Takes Michael Saylor Advice; Unveils $1B Real Estate and Crypto Fund
Plans for a $1B Pre-IPO Raise to Fund More Bitcoin
Going forward, Cardone revealed on August 12 that his firm will raise $1 billion in a pre-IPO fundraising to continue acquiring Bitcoin, according to UnoCrypto.
He even used X’s AI assistant Grok to estimate the potential value of a business that holds 2,000 BTC and generates $40 million in cash flow.
Cardone has associated known real estate cash revenue with the volatile crypto market in a way that puts him at the forefront of blending asset class investing.
If Bitcoin appreciates, these meaningful moves mean his firm can support massive upside potential; however, he’s more exposed to rapid market motion.
But for Cardone, such risks are just part of playing big, and a mindset that he has embodied his entire career, from real estate to crypto.
Also Read: Billionaire Grant Cardone’s Real Estate Firm Buys 100 More Bitcoin Amid Dip, Now Holds 1100 BTC