Capital Group's holdings in Bitcoin-related stocks have increased from $1 billion to over $6 billion

ChainCatcher news, according to Cointelegraph, Capital Group is a mutual fund giant with a 94-year history, known for its conservative investment style, and its holdings in Bitcoin-related stocks have grown from $1 billion to over $6 billion.

Mark Casey, a portfolio manager at Capital Group with 25 years of experience, is leading the company's foray into Bitcoin. Casey stated that his investment style is heavily influenced by Benjamin Graham and Warren Buffett, but he has now become an advocate for Bitcoin. In an interview on the podcast of venture capital firm Andreessen Horowitz, Casey said, "I just like Bitcoin; I think it's really interesting." He called Bitcoin "one of the coolest things ever created by humanity." Over the past four years, Capital Group has gradually expanded its Bitcoin exposure primarily by investing in so-called "Bitcoin reserve companies" (i.e., publicly traded companies that accumulate and hold Bitcoin on their balance sheets).