<div id="readability-page-1"><div><div>Capital Group, a 94-year-old mutual fund powerhouse known for its conservative investment approach, has grown a $1 billion position in Bitcoin-related stocks into more than $6 billion.Mark Casey, a portfolio manager with 25 years at Capital Group, led the firm’s move into Bitcoin. Casey, who describes his investment style as shaped by Benjamin Graham and Warren Buffett, has become an advocate for Bitcoin (BTC), according to a Sunday report by The Wall Street Journal. “I just love Bitcoin, I just think it is so interesting,” Casey said during a podcast interview with venture firm Andreessen Horowitz. He called Bitcoin “one of the coolest things that has ever been created by people,” per the WSJ report.Over the past four years, Capital Group has built its exposure primarily through investments in so-called Bitcoin treasury companies, public firms that accumulate and hold Bitcoin on their balance sheets. <figure><div><img src="https://imageproxy.pbkrs.com/https://s3.tradingview.com/news/image/cointelegraph:b7f86629f094b-0c0b14e7be2c4893c2a3ff7910aa14b6-resized.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="802" height="600" original-src="https://imageproxy.pbkrs.com/https://s3.tradingview.com/news/image/cointelegraph:b7f86629f094b-0c0b14e7be2c4893c2a3ff7910aa14b6-resized.jpeg"/></div></figure>Capital Group’s biggest Bitcoin bet is on StrategyCapital Group’s most notable holding is in Strategy (formerly MicroStrategy), the software firm transformed into a Bitcoin vehicle by founder Michael Saylor.In 2021, Capital Group acquired a 12.3% stake in Strategy for over $500 million. That stake, now diluted to 7.89% due to share issuance and some trimming, is worth about $6.2 billion following a more than 2,200% surge in Strategy’s stock over five years.Casey said he and his colleagues analyze these companies the same way they assess firms involved in commodities like gold or oil. “We view Bitcoin as a commodity,” he told the WSJ.Capital Group’s Bitcoin exposure also includes a 5% stake in Japan-based Metaplanet, a hotel operator-turned-Bitcoin holder, and shares of mining company Mara Holdings. Corporate Bitcoin treasuries top 1 million BTCAs Cointelegraph reported, corporate Bitcoin treasuries now hold over 1 million BTC worth more than $117 billion, according to BitcoinTreasuries.NET. Michael Saylor’s Strategy remains the top holder with 636,505 BTC, followed by MARA Holdings with over 52,000 BTC. Newcomers like XXI and Bitcoin Standard Treasury are quickly gaining ground, while firms like Metaplanet, Bullish and Coinbase round out the top 10.Looking ahead, companies like Metaplanet and Semler Scientific have revealed aggressive accumulation targets, aiming to acquire 210,000 BTC and 105,000 BTC by 2027, respectively. </div></div></div>

MARA

MSTR

Capital Group has increased its investment in Bitcoin-related stocks from $1 billion to over $6 billion, led by portfolio manager Mark Casey. The firm primarily invests in Bitcoin treasury companies, with its largest holding in Strategy (formerly MicroStrategy), where it owns a 7.89% stake worth approximately $6.2 billion. Capital Group views Bitcoin as a commodity and also holds stakes in Metaplanet and Mara Holdings. Corporate Bitcoin treasuries now exceed 1 million BTC, valued at over $117 billion, with aggressive accumulation targets set by various companies for the coming years.

Investment giant Capital Group’s $1B bet on Bitcoin treasuries balloons to $6B