According to Cointelegraph, the 94-year-old Capital Group has increased its investment in Bitcoin-related stocks from $1 billion to over $6 billion. Portfolio manager Mark Casey has led the company into the Bitcoin space, calling Bitcoin 'one of the coolest things ever created by humanity.'
In the past four years, Capital Group has primarily increased its Bitcoin exposure by investing in Bitcoin treasury companies, the most notable holding being Strategy (formerly MicroStrategy). In 2021, Capital Group acquired 12.3% of Strategy for over $500 million, which has since been diluted to 7.89%, worth approximately $6.2 billion.
Capital Group also holds a 5% stake in Japan's Metaplanet and shares in the mining company Mara Holdings. According to data from BitcoinTreasuries.NET, corporate Bitcoin treasuries currently hold over 1,000,000 BTC, valued at over $117 billion.
