94-year-old Heritage Fund rose from $500 million to $6.2 billion with popular cryptocurrency stocks
Source: CoinWorld
Time: 2025-09-16 10:19:40
Capital Group, a 94-year-old mutual fund giant, invested more than $500 million in MicroStrategy in 2021, acquires a 12.3% stake, currently worth $6.2 billion, after the company's share price soared more than 2,200% in five years. Portfolio Manager Mark Casey has long advocated Bitcoin, who believes that Bitcoin is a modern store of value and has expanded investment in Bitcoin-related companies such as Metaplanet and MARA Holdings, indicating that institutional investors are increasing their acceptance of Bitcoin.