logo

Mutual Fund Giant Capital Group's Bitcoin-Related Stock Holdings Soar from $1 Billion to Over $6 Billion

By: theblockbeats.news|2025/09/14 11:52:50

BlockBeats News, September 14th, according to Cointelegraph's report, Capital Group, a mutual fund giant with a 94-year history known for its conservative investment style, has seen its holdings in Bitcoin-related stocks grow from $1 billion to over $6 billion.


According to The Wall Street Journal, Mark Casey, a portfolio manager at Capital Group with 25 years of experience, led the company's foray into Bitcoin. Casey stated that his investment style was deeply influenced by Benjamin Graham and Warren Buffett, but he has now become an advocate for Bitcoin.


Casey said in an interview on the venture capital firm Andreessen Horowitz's podcast: "I just like Bitcoin, I think it's very interesting." He called Bitcoin "one of the coolest things ever created by humanity."


Over the past four years, Capital Group has primarily expanded its Bitcoin exposure by investing in so-called "Bitcoin reserve companies" (namely, publicly traded companies that accumulate and hold Bitcoin on their balance sheets).

Yala Hacker mints 120 million YU on the Polygon network, has swapped 7.71 million YU obtained from sales for 1,501 ETH
The European Central Bank is planning to decide on the next steps for CBDC next month

You may also like

Share
copy

Gainers

Latest Crypto News

12:45

TRON Foundation has released java-tron v4.8.1 (Democritus) pre-release version, and the Nile Testnet mandatory upgrade has officially started.

12:45

Yala: All native BTC under the custodian model will be removed from the protocol, shifting towards an AI-driven smart body prediction direction in the future

12:45

CME Data Center Outage Affects Trillion-Dollar Contracts

12:15

BNB Treasury Company CEA Industries Appoints Crypto Asset Expert Annemarie Tierney as Director

12:15

CME EBS Market will open at 8:00 PM

Read more
Community
icon
icon
icon
icon
icon
icon
icon
icon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MM[email protected]

VIP Services[email protected]