Cardone Capital, a real estate investment firm, acquired 185 Bitcoin for $15.3 million today. The purchase represents the company’s continued expansion into crypto assets as part of its treasury and investment strategy.

The firm has been actively acquiring Bitcoin to support hybrid projects that blend real estate with digital assets. Cardone Capital focuses on multifamily properties and began incorporating Bitcoin into its portfolio to diversify beyond traditional real estate investments.

The acquisition comes as the crypto market experiences a major downturn that pushed Bitcoin to $80K earlier today before a partial rebound to $84K at press time.