U.S. investment giant Capital Group has successfully transformed a $1 billion investment in Bitcoin-linked stocks into over $6 billion in just four years.
Key Takeaways
- Capital Group’s Bitcoin-focused stock holdings have grown to more than $6 billion since 2021.
- The largest position is in Strategy, with the firm currently owning 7.89% of its shares.
- Public companies now collectively hold over 1 million BTC.
Capital Group has steadily increased its exposure to Bitcoin by investing in companies that maintain Bitcoin on their balance sheets. Portfolio veteran Mark Casey has emphasized that the firm views Bitcoin similarly to a traditional commodity like gold or oil.
The 94-year-old asset management firm oversees assets exceeding $3 trillion. Traditionally conservative regarding speculative markets, the company made its first major Bitcoin investment in 2021 when Casey persuaded leadership to acquire a $500 million stake in Strategy (formerly MicroStrategy).
Since then, Capital Group has broadened its crypto portfolio with stakes in other Bitcoin-related companies, including a 5% holding in Japan’s Metaplanet and shares in mining firm MARA Holdings.
As of 2025, Capital Group’s ownership in Strategy has slightly reduced to 7.89% due to new share issuances and portfolio rebalancing. Still, with Strategy’s stock skyrocketing over 2,200% in the past five years, the investment is now valued at approximately $6.2 billion.
While precise figures are not publicly disclosed, reports indicate that the firm converted an initial investment of under $1 billion into more than $6 billion.
Bitcoin’s Potential vs. Gold
Casey and his team believe Bitcoin has the potential to rival or even surpass gold in terms of global value. However, they remain cautious about other cryptocurrencies, such as Ethereum, which they consider less likely to achieve similar long-term significance. Capital Group evaluates Bitcoin-related stocks with the same rigor used for traditional commodities, focusing on fundamentals and market positioning.
Rising Trend of Corporate Bitcoin Treasuries
Bitcoin’s role as a corporate treasury asset has expanded significantly. Companies like Strategy, MARA Holdings, and XXI together hold over 1 million BTC across nearly 190 public firms. Strategy remains the largest holder, with 638,460 BTC, and has led the corporate treasury trend since August 2020. During this time, Bitcoin’s value has increased by roughly 860%–900%.
New players continue entering the space even as Bitcoin nears all-time highs above $120,000. Recently, healthcare company KindlyMD purchased 5,743.91 BTC after merging with Nakamoto Holdings, marking its first corporate Bitcoin holding. Earlier this year, firms such as Trump Media & Technology Group, Canada’s Rumble, and Hong Kong’s HK Asia Holdings also announced plans to establish Bitcoin treasuries.
