Capital Group Raises Bitcoin Holdings to Over $6B as Veteran Manager Mark Casey Becomes Advocate

COINOTAG News on September 14, citing Cointelegraph, reported that Capital Group, the 94-year-old mutual fund giant, increased its holdings in Bitcoin-related stocks from roughly $1 billion to more than $6 billion.

According to The Wall Street Journal, portfolio manager Mark Casey—whose approach draws on Benjamin Graham and Warren Buffett—led the firm’s strategic entry into Bitcoin and described the asset as “very interesting” during an interview on the Andreessen Horowitz podcast.

Over the past four years, Capital Group has principally broadened its crypto exposure by allocating capital to publicly traded Bitcoin reserve companies, entities that accumulate and report Bitcoin on their balance sheets to enhance institutional exposure.