Capital Group Bitcoin-related stock investments grow to $6 billion

According to Cointelegraph, the 94-year-old Capital Group has increased its investment in Bitcoin-related stocks from $1 billion to more than $6 billion. Portfolio Manager Mark Casey led the company into the Bitcoin space, calling Bitcoin “one of the coolest things humans have created.” Capital Group has increased its Bitcoin exposure in the past four years mainly by investing in Bitcoin vault companies, with the most significant holding being Strategy (formerly MicroStrategy). In 2021, Capital Group acquired a 12.3% stake in Strategy for more than $500 million, which has now been diluted to 7.89%, and is worth approximately $6.2 billion. Capital Group also owns 5% of Japan’s Metaplanet and shares in mining company Mara Holdings. According to BitcoinTreasuries.NET, the corporate Bitcoin vault now holds more than 1 million BTC, worth more than $117 billion.