Gary Cardone generated roughly $750,000 from Strategy’s (NASDAQ: MSTR) STRC preferred stock by deploying capital strategically rather than chasing Bitcoin at elevated prices.
Cardone told Scott Melker in an interview that he could have purchased Bitcoin around $98,000 several months ago but chose instead to deploy his capital into STRC near par value.
The preferred stock position paid him approximately $63,000 per month, providing a steady income stream while he waited for a more favorable Bitcoin entry point.
“I’ve made $750,000 on STRC while I didn’t know what the market was doing,” Cardone said, emphasizing the value of patience and disciplined capital allocation in volatile markets.
The income generated from STRC allowed Cardone to acquire approximately 12 Bitcoin without exposing himself to the full force of cryptocurrency price swings during that period.
Cardone revealed he turned bearish over the summer partly because he had been targeting a Bitcoin accumulation price of $57,000 or lower, well beneath current market levels.
“No one should chase Bitcoin ever again,” he stated plainly, urging investors to remain disciplined about entry prices rather than buying into momentum at any cost.
Cardone said he would not purchase Bitcoin at $120,000, and suggested the asset could revisit the mid-to-low $70,000 range before a more sustained rally takes hold.
Despite his near-term caution, Cardone expressed confidence in Bitcoin’s long-term market structure, pointing to growing institutional participation as a sign of lasting strength.
“Wall Street’s taking over and it’s awesome,” he said, framing the influx of institutional capital as evidence that Bitcoin is maturing as a global asset class.
Growing demand through spot Bitcoin ETFs and wealth management channels could create a more durable underlying bid during future market pullbacks, supporting prices at higher floors than seen in prior cycles.
Cardone’s broader vision extends beyond simple price appreciation, as he ultimately expects Bitcoin to become increasingly valuable as collateral, enabling investors to borrow against holdings rather than liquidate positions to fund other opportunities.
