Kevin O’Leary Puts Nearly 20% of His Portfolio Into Crypto and Infrastructure Projects

Well-known entrepreneur and Shark Tank investor Kevin O’Leary has revealed that he’s getting serious about crypto — not just in buying digital coins, but by investing heavily in the infrastructure needed to support it. O’Leary now has around 19% of his total investment portfolio tied to crypto-related assets. He’s focusing on building out the backbone of the industry, especially in areas like bitcoin mining and AI-powered data centers.

Owning 26,000 acres of land across various locations, O’Leary is preparing these sites to become power-ready zones where companies can set up bitcoin mining operations or data centers. Half of this land — about 13,000 acres — is in Alberta, Canada. The rest is located in undisclosed places still waiting for permits. Once he gets the go-ahead, O’Leary plans to lease the land to companies that need affordable, utility-ready spaces to operate.

He explained that his goal isn’t to build data centers himself. Instead, he wants to make sure the land is fully permitted and ready for construction — what he calls “shovel-ready.” According to O’Leary, many of the data centers announced in recent years will never be built because developers underestimated how complex and expensive the process can be. For him, this is more than just a business move — it’s a strategic “land grab” for future tech infrastructure.

These sites are being set up with full utilities, making them ideal for bitcoin mining right away and potentially valuable for other uses, like government-run data centers, in the future. O’Leary pointed out that in some areas, the deals he’s made for low-cost electricity — under six cents per kilowatt-hour — are even more valuable than owning bitcoin itself. In his view, having access to cheap power is critical for long-term success in both crypto mining and AI operations.

When it comes to his crypto holdings, O’Leary said he’s been careful due to the market’s wild price swings. Still, he holds a significant portion of his portfolio in crypto-linked assets. He believes that serious investors only need to focus on bitcoin and ethereum. In fact, he says these two coins account for over 97% of the entire market’s movement. All the smaller cryptocurrencies — which he jokingly calls “poopoo coins” — are still down by as much as 90% and are unlikely to recover.

His viewpoint lines up with a recent report from Charles Schwab, which found that around 80% of the total $3.2 trillion cryptocurrency market is concentrated in bitcoin and ethereum. Even though thousands of new crypto projects launch every year, most of the real value is still in these two major players.

O’Leary also emphasized that regulation will shape the future of crypto. A key piece of legislation currently being reviewed in the U.S. Senate could have a big impact. One part of the bill would ban yield on stablecoin accounts — something O’Leary sees as unfairly benefiting traditional banks over crypto platforms. However, he’s hopeful that this will be revised before becoming law. Overall, he thinks clear regulations will help bring more institutional investors into the crypto space.

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