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- Capital Group’s $1B Bitcoin stock bet is now worth over $6B.
- Strategy and Metaplanet are the firm’s biggest Bitcoin-linked holdings.
- Corporate Bitcoin treasuries now exceed 1 million BTC globally.
Capital Group, one of the world’s oldest and most risk-averse fund managers, has quietly engineered one of the biggest institutional windfalls in Bitcoin’s history. Over just four years, the 94-year-old firm has transformed a $1 billion allocation to Bitcoin treasury stocks into more than $6 billion, according to The Wall Street Journal.
The unlikely champion behind this bold move is Mark Casey, a 25-year Capital Group veteran steeped in the Graham-Buffett school of value investing. Once focused on consumer staples and industrials, Casey has become a surprising evangelist for Bitcoin. “I just love Bitcoin… it’s one of the coolest things ever created by people,” he said in a recent podcast appearance with Andreessen Horowitz.
Strategy and Metaplanet Lead the Charge
Capital Group’s crown jewel is its stake in Strategy, formerly known as MicroStrategy, the software firm that pivoted into a Bitcoin accumulation vehicle under founder Michael Saylor. In 2021, Capital Group quietly acquired 12.3% of the company for over $500 million.
While subsequent share issuance has trimmed that position to 7.89%, its value has ballooned to roughly $6.2 billion after Strategy’s stock surged more than 2,200% in five years.
The firm also owns about 5% of Metaplanet, a Japanese hotel operator turned Bitcoin treasury company, alongside holdings in mining firm Mara Holdings. Casey said he evaluates these companies as he would gold or oil producers—treating Bitcoin as a commodity rather than a currency.
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Corporate Treasuries Embrace Bitcoin Reserves
Capital Group’s success reflects a larger institutional pivot. Corporate treasuries now hold over 1 million BTC worth more than $117 billion, per BitcoinTreasuries.NET. Strategy leads with 636,505 BTC, while MARA Holdings holds over 52,000 BTC.
Ambitious newcomers are racing to join them: Metaplanet targets 210,000 BTC by 2027, and Semler Scientific plans to amass 105,000 BTC. This arms race signals a structural shift in corporate balance sheet strategy.
A Watershed for Wall Street’s Bitcoin Era
For decades, Capital Group symbolized traditionalism on Wall Street. Its stealth rise as a Bitcoin powerhouse marks a turning point: Bitcoin is no longer a fringe speculation—it’s becoming a strategic reserve asset. If Capital Group’s $6B success emboldens peers, a new wave of institutional Bitcoin accumulation could follow.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
