Grant Cardone’s Company Plans to Refinance for 500 More Bitcoin
Photo: TokenPost
Billionaire Grant Cardone said his company plans to use refinancing to acquire 500 additional Bitcoin (BTC), adding to its corporate holdings as it expands purchases beyond real estate assets. Cardone said the company buys Bitcoin monthly with cash flow generated by its real estate operations. He also said it is using other asset classes to acquire more BTC. The planned purchase was disclosed Oct. 12 at 6 a.m. ET (10:00 UTC). The statement described a future acquisition, not a completed purchase. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
