Capital Group, known for its cautious approach, has invested over $6 billion in companies related to Bitcoin, demonstrating interest in cryptocurrency as an asset.
Capital Group's Exposure to Bitcoin
Investor Mark Casey from Capital Group has voiced admiration for Bitcoin and has turned this into one of the firm's most successful bets. The nearly century-old institution built a $1 billion exposure that has now exceeded $6 billion.
Companies Holding Bitcoin Reserves
Capital Group focused on stocks of companies holding Bitcoin on their balance sheets, including Strategy (formerly MicroStrategy), which has significantly increased in value. They also hold a stake in Japan's Metaplanet and maintain positions in major miners like MARA Holdings.
Impact on Financial Markets
Casey views these investments not as speculative bets but rather as commodity-style investments, similar to gold or oil. This shift indicates that even conservative investors are no longer ignoring Bitcoin, as evidenced by corporate treasuries controlling over a million Bitcoins, valued at over $117 billion.
Capital Group's investments in Bitcoin reflect modern trends in the financial market, where traditional players are increasingly active in the world of digital assets.
