Cardone Capital Adds 20 Bitcoin as Metaplanet Plans Asia Asset Management Unit

Cardone Capital said it recently bought 20 more Bitcoin on the secondary market, according to a post by Chief Executive Grant Cardone. According to ChainCatcher, the company said it continues to use Bitcoin as part of its strategy to hedge fiat currency inflation and optimize treasury allocation. Metaplanet said it will establish a wholly owned subsidiary, Metaplanet Asset Management Asia Limited, as a trading execution and asset management base for Asian hours. According to ChainCatcher, the Japanese listed company said the unit will have initial capital of $1 million and is expected to be formally established in September 2026. The new entity will work with Metaplanet's asset management company in Miami to provide 24-hour cross-time-zone coordination. It will focus on executing trades during Asian hours, managing position risk, and monitoring market developments. Its investment targets include Bitcoin, Bitcoin-related stocks, and preferred securities issued by Bitcoin treasury companies. Metaplanet said the move is an important step in its Project Nova Bitcoin financial platform strategy and expects the investment to have only a minor impact on consolidated results for the year ending December 2026.