Capital Group's holdings in Bitcoin-related stocks have increased from $1 billion to over $6 billion

According to ChainCatcher, Capital Group is a mutual fund giant with a 94-year history and a reputation for its conservative investment style. Its holdings in Bitcoin-related stocks have increased from $1 billion to more than $6 billion, according to Cointelegraph. Mark Casey, portfolio manager of Capital Group with 25 years of experience, led the company’s move into Bitcoin. Casey said his investment style was deeply influenced by Benjamin Graham and Warren Buffett, but he has become an advocate for Bitcoin today. "I just love Bitcoin, and I find it very interesting," Casey said in an interview with the Andreessen Horowitz podcast, who called Bitcoin "one of the coolest things humans have ever created." Over the past four years, capital groups have gradually expanded their Bitcoin exposure by investing in so-called “bitcoin reserve companies” (i.e. listed companies that accumulate and hold Bitcoin on their balance sheets).