Real estate tycoon Grant Cardone’s private equity firm Cardone Capital announced a 1,000 BTC acquisition on Friday, June 27. The bitcoin ( BTC) is worth more than $100 million at current prices and is part of Cardone’s foray into implementing a bitcoin treasury strategy after a curious meeting he had with Michael Saylor, Chairman of Strategy, earlier in the year. According to Cardone, a longtime Bitcoiner, the meeting with Saylor inspired him to set up a series of private funds that integrate the cryptocurrency with real estate in a way that maximizes investor capital. The latest such fund is Cardone Capital’s “10X Miami River Bitcoin Fund” which invests in both bitcoin and a 346-unit multifamily commercial property on the Miami River. “By combining two best-in-class assets, real estate, and bitcoin, we are building the most resilient and forward-thinking portfolio in the market,” Cardone said in a statement provided to Bitcoin.com.