Mutual fund giant Capital Group's holdings in Bitcoin-related stocks rose to over $6 billion

PANews reported on September 14 that according to Cointelegraph, mutual fund giant Capital Group's holdings in Bitcoin-related stocks have increased from $1 billion to more than $6 billion. Mark Casey, a portfolio manager for capital group with 25 years of experience, led the company’s move into Bitcoin, according to the Wall Street Journal. Casey said his investment style was deeply influenced by Benjamin Graham and Warren Buffett, but he has become an advocate for Bitcoin today. Over the past four years, capital groups have gradually expanded their Bitcoin exposure by investing primarily in so-called "Bitcoin Reserves" (i.e. listed companies that accumulate and hold Bitcoin on their balance sheets).