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Capital Group’s Bitcoin Bets Swell to $6 Billion as Strategy Stake Soars
Capital Group, the nearly century-old mutual fund giant long known for its conservative approach, has quietly built one of the biggest exposures to Bitcoin-linked equities on Wall Street — turning a $1 billion position into more than $6 billion. Founded in 1931, Capital Group oversees more than $2.6 trillion in assets under management, making it one of the three largest active fund managers globally alongside Fidelity and Vanguard. Historically, the firm avoided high-risk or speculative assets, which makes its large-scale exposure to Bitcoin-related companies a sharp departure from its traditional playbook. The ... (full story)
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