- Capital Group, a renowned mutual fund, has turned a $1 billion bet on Bitcoin-related companies into a $6 billion success story.
- Despite its conservative investment philosophy, Capital Group has embraced Bitcoin treasuries, a shift in the investment narrative around Bitcoin.
- Mark Casey, a seasoned portfolio manager, is at the center of Capital Group’s Bitcoin pivot, expressing his enthusiasm for Bitcoin and its potential as a hedge against inflation.
Capital Group, one of the largest and most respected mutual fund giants in the United States, has stunned Wall Street. The firm, which boasts 94 years of history and a reputation for cautious investing, has quietly turned a $1 billion gamble on Bitcoin-related companies into a staggering $6 billion success story. For a company traditionally associated with conservative strategies, the move represents not only a bold financial maneuver but also a clear sign that Bitcoin (BTC) and digital assets are no longer being dismissed by traditional finance.
Investment Giant Meets the Bitcoin Era
Founded in 1931, Capital Group is best known for managing some of the world’s largest mutual funds, serving both institutional and retail investors with an emphasis on long-term stability. The firm manages over $2.5 trillion in assets, making it one of the most influential players in the global financial ecosystem. Yet, despite its deep roots in traditional finance, Capital Group’s recent foray into Bitcoin treasuries has shocked many industry observers. Known for its measured, Graham-and-Buffett-inspired investment philosophy, the company has historically avoided speculative fads.
However, in recent years, the investment narrative around Bitcoin has shifted. Once dismissed as “digital tulips,” Bitcoin has increasingly been compared to digital gold, a hedge against inflation and a scarce asset class with growing institutional acceptance. Capital Group seized on this opportunity, executing a strategy that has now paid off enormously.
Mark Casey
At the center of Capital Group’s Bitcoin pivot is Mark Casey, a seasoned portfolio manager with over 25 years of experience at the firm. Influenced by legendary value investors Benjamin Graham and Warren Buffett, Casey has built his career on a disciplined approach to finding undervalued assets. But when it comes to Bitcoin, Casey has taken a surprisingly forward-looking stance. In a podcast with venture capital powerhouse Andreessen Horowitz, he openly declared:
“I just love Bitcoin. I think it is so interesting.”
He went further, calling Bitcoin “one of the coolest things people have ever created,” a statement that stands out in a world where many traditional investors still treat cryptocurrencies with suspicion. Casey’s enthusiasm translated into action. Over the past four years, Capital Group quietly accumulated stakes in public companies that hold Bitcoin on their balance sheets, a strategy that allowed the firm to gain exposure to Bitcoin indirectly while staying within its comfort zone of equity investments.
Building Exposure Through Bitcoin Treasuries
Unlike some hedge funds or venture capital firms that buy Bitcoin directly, Capital Group took a corporate treasury approach. This means investing in companies that use part of their balance sheet to purchase and hold Bitcoin. The firm’s most notable investment has been in Strategy (formerly MicroStrategy), a business intelligence software company that famously transformed into a Bitcoin investment vehicle under CEO Michael Saylor.
In 2021, Capital Group acquired a 12.3% stake in Strategy worth over $500 million. Though its stake has since been trimmed to 7.89%, largely due to new stock issuances, the investment is now valued at an eye-popping $6.2 billion thanks to Strategy’s meteoric rise. To put this in perspective, Strategy’s stock has surged more than 2,200% in the past five years, making it one of the most successful Wall Street bets tied to Bitcoin.
Beyond Strategy
While Strategy remains Capital Group’s crown jewel in the Bitcoin space, it is far from the firm’s only crypto-related investment.
- Metaplanet (Japan): Once a hotel operator, Metaplanet reinvented itself as a Bitcoin treasury company. Capital Group holds a 5% stake, underscoring its confidence in Metaplanet’s long-term Bitcoin strategy.
- Mara Holdings (Marathon Digital): A leading Bitcoin mining company, Mara Holdings gives Capital Group direct exposure to the infrastructure that secures the Bitcoin network.
Together, these positions show that Capital Group isn’t dabbling—it has systematically built a diversified Bitcoin-related portfolio, treating Bitcoin as a commodity-like asset comparable to oil or gold. As Casey explained in his interview:
“We view Bitcoin as a commodity. We study these companies the same way we would analyze energy or precious metals firms.”
The Rise of Corporate Bitcoin Treasuries
Capital Group’s investments are part of a broader corporate trend toward Bitcoin adoption. According to data from BitcoinTreasuries.NET, more than 1 million BTC—worth over $117 billion—are now held by public companies worldwide. The Biggest Bitcoin Holders Include:
- Strategy (MicroStrategy): 636,505 BTC
- MARA Holdings: 52,000+ BTC
- Tesla, Coinbase, and Bullish among other household names
Newcomers like XXI and Bitcoin Standard Treasury are rapidly growing their holdings, while ambitious firms like Metaplanet and Semler Scientific have set bold targets to acquire 210,000 BTC and 105,000 BTC by 2027, respectively. This trend reflects a paradigm shift: Bitcoin is becoming a strategic corporate reserve asset, much like gold was in the past.
The story of Capital Group’s $1 billion bet transforming into $6 billion is more than just a tale of financial success. It marks a turning point in Wall Street’s relationship with Bitcoin. A conservative, nearly century-old fund manager embracing Bitcoin exposure—albeit indirectly—signals that the cryptocurrency has matured into an asset class worthy of serious consideration.
As corporate treasuries surpass 1 million BTC, and as veteran investors like Mark Casey publicly voice their enthusiasm, one thing is clear: Bitcoin is no longer the fringe experiment it once was. It has become a mainstream financial instrument shaping the future of corporate strategy. For investors, institutions, and policymakers alike, the question is no longer whether Bitcoin has staying power—it is how much influence it will wield in the decades to come.
Disclaimer: CryptopianNews shares this for learning and info only. It’s not meant to be financial or investment advice. Crypto markets change a lot and move quickly. Investing in them can be risky. You should always look into things yourself. Talk to a trained financial advisor before making any choices about investing.
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