Capital Group fund turned $1 billion into $6 billion by investing in Michael Saylor’s Strategy and Metaplanet, strengthening its position in the Bitcoin world.
Capital Group earned $6 billion on a bet on a Bitcoin company
The 94-year-old Capital Group fund unexpectedly became a leader among institutional players in the crypto market. The conservative company, known for its classic approach to investments, managed to turn $1 billion into more than $6 billion thanks to a bet on Bitcoin.
A key role in this was played by portfolio manager Mark Casey, who has been working at the fund for more than two decades. It was he who convinced his colleagues to bet on the so-called “Bitcoin craze” — public companies that accumulate cryptocurrency on their balance sheets.
The greatest success was brought by shares of Strategy (ex-MicroStrategy), which Michael Saylor transformed into a Bitcoin treasury. In 2021, Capital Group invested more than $500 million in the company, which is now valued at more than $6.2 billion after a rapid rise in the price.
The fund also has stakes in Japan’s Metaplanet and the US’s Mara Holdings. According to Casey, Bitcoin at Capital Group is viewed as a commodity — similar to gold or oil, which allows companies to be valued from the perspective of their cryptocurrency reserves.
Today, corporate treasuries around the world hold more than 1 million BTC with a total value of more than $117 billion. Strategy remains the absolute leader with more than 636 thousand coins, followed by Mara, Metaplanet and Coinbase.
Thanks to these steps, Capital Group, with a reputation as a “traditional giant”, has unexpectedly become one of the most visible beneficiaries of the Bitcoin era, proving that even conservative institutions are not ignoring digital gold.
