Hybrid real estate-bitcoin investment strategies are outperforming digital asset treasuries (DATs) in terms of capital efficiency and scalability. While DATs, which involve companies holding cryptocurrencies like Bitcoin and Ethereum, have amassed $15 billion by 2025, they face challenges such as shareholder dilution and valuation volatility due to their reliance on equity issuance. In contrast, hybrid models, exemplified by Grant Cardone’s Cardone Capital, integrate real estate investments with Bitcoin acquisitions. These models utilize property cash flows to fund crypto purchases, thereby avoiding equity dilution and providing stable income streams. As of Q3 2025, digital asset treasuries experienced a 29% decline, whereas Bitcoin network operators employing hybrid strategies reported a median return increase of 87%.