Capital Group’s Bitcoin Investments Exceed $6 Billion in Value
Capital Group, a leading U.S. investment firm, has successfully turned a $1 billion investment in Bitcoin-related stocks into over $6 billion within just four years.
Summary
- As of 2021, Capital Group’s investments in Bitcoin-linked stocks have escalated beyond $6 billion.
- The firm’s largest asset is a 7.89% ownership in Strategy.
- Collectively, public companies have acquired over 1 million BTC.
Veteran portfolio manager Mark Casey notes that Capital Group has significantly increased its investments in Bitcoin treasury firms over recent years. In a recent interview with The Wall Street Journal, he mentioned the firm views Bitcoin as a commodity similar to gold or oil.
This 94-year-old mutual fund titan manages assets exceeding $3 trillion. Traditionally cautious regarding speculative ventures, its foray into Bitcoin was propelled by Casey, who advocated for a $500 million investment in Strategy, formerly known as MicroStrategy, in 2021.
Following that initial investment, Capital Group has reallocated portions of its portfolio towards other Bitcoin-related enterprises, including a 5% stake in Japan’s Metaplanet and shares in mining entity MARA Holdings.
“I am incredibly fascinated by bitcoin; it is one of the most remarkable innovations created by humans,” Casey remarked during a podcast hosted by venture-capital firm Andreessen Horowitz last year, describing it as “one of the coolest things that has ever been created.”
As of 2025, the firm’s share in Strategy has diluted to 7.89% due to new share issuances and minor adjustments. Nevertheless, with Strategy’s stock surging over 2,200% in the last five years, Capital Group’s investment is currently valued at approximately $6.2 billion.
While specific investment details are not publicly available, reports from the WSJ suggest that Casey and his team have escalated an initial investment of less than $1 billion to over $6 billion.
The same report indicates that Casey and his colleagues speculate Bitcoin may eventually rival or surpass gold’s total global valuation. However, he remains doubtful about other cryptocurrencies and does not believe competitors like Ethereum will reach significant value comparably.
The firm assesses Bitcoin-related stocks using the same criteria it applies to companies involved in commodities like gold or oil.
“We regard bitcoin as a commodity,” Casey was quoted as saying.
Rise of New Corporate Bitcoin Treasuries
Bitcoin has solidified its position as a treasury asset, with public companies like Strategy, Mara Holdings, and XXI collectively holding over 1 million BTC across 190 entities.
Since Strategy, the leading corporate holder with 638,460 BTC, initiated the treasury trend in August 2020, Bitcoin has experienced a price increase of around 860% to 900% to date.
New entrants continue to join the market, even as the flagship cryptocurrency trades near its peak of over $120,000.
Recently, KindlyMD, initially operating in the healthcare space, has become a corporate Bitcoin holder after acquiring 5,743.91 BTC shortly after merging with Nakamoto Holdings.
Earlier this year, Trump Media & Technology Group announced plans to establish a Bitcoin treasury, alongside other public companies like Canada’s Rumble and Hong Kong-based HK Asia Holdings, which have initiated similar efforts.