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

U.S. investment giant Capital Group’s Bitcoin bets now worth over $6B

U.S. investment giant Capital Group has turned a $1 billion bet on Bitcoin-linked stocks into more than $6 billion in just over four years. Capital Group has increasingly fattened its portfolio by investing in Bitcoin treasury companies over the past…

How a 94-Year-Old Fund Just Made $6 Billion From Bitcoin Stocks

Mark Casey, a veteran investor at Capital Group, has not only voiced admiration for Bitcoin but has turned that conviction into one of the firm’s most successful bets in decades. Capital Group, a nearly century-old institution with a reputation for caution, built a $1 billion exposure to Bitcoin-linked companies that has now swelled to more than $6 billion. The firm didn’t buy Bitcoin directly – it accumulated shares of businesses holding the as…

Buffett Disciple at Capital Group Bets Big on Bitcoin as Gold Alternative

Mark Casey, an equity portfolio manager at Capital Group, is making bold bets on Bitcoin despite being a longtime follower of Warren Buffett, one of the cryptocurrencys fiercest critics. Casey believes Bitcoin will ultimately overtake gold as the dominant store of value, positioning it as a legitimate commodity within traditional finance. Capital Group, a Los Angeles-based investment firm managing roughly $3 billion in assets, has become one of …

Capital Group’s $1B Bitcoin Treasury Investment Grows to $6B

Capital Group, one of the world’s largest asset managers, has significantly increased its investment in Bitcoin, now holding approximately $6 billion worth of the leading cryptocurrency. This move highlights the growing institutional interest in digital assets amid the expanding adoption of blockchain technology and cryptocurrencies globally. Expansion of Bitcoin Holdings According to recent reports, Capital Group has amplified its exposure to B…

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

Capital Group’s $1 billion entry into Bitcoin treasury stocks has grown to over $6 billion, with major holdings in Strategy and Metaplanet and led by Mark Casey.