Capital Group, known for its conservative investment approach, has grown a $1 billion position in Bitcoin-related stocks to over $6 billion. Portfolio manager Mark Casey led the move into Bitcoin, calling it “one of the coolest things ever created.” The firm’s exposure includes investments in Bitcoin treasury companies like Strategy and Metaplanet.

Capital Group’s biggest Bitcoin holding is in Strategy, with a stake worth about $6.2 billion following a 2,200% surge in the firm’s stock over five years. Casey views Bitcoin as a commodity, similar to gold or oil, and analyzes these companies accordingly. The firm also holds a stake in Japan-based Metaplanet and shares of Mara Holdings.

Corporate Bitcoin treasuries now hold over 1 million BTC worth more than $117 billion. Strategy remains the top holder with 636,505 BTC, followed by MARA Holdings. Newcomers like XXI and Bitcoin Standard Treasury are gaining ground, with aggressive accumulation targets set by companies like Metaplanet and Semler Scientific for the future.

Read more at CoinTelegraph: Capital Group Grows Bitcoin Bet to $6B Through Treasury Stock Surge