The mutual fund giant Capital Group's holdings in Bitcoin-related stocks have risen from $1 billion to over $6 billion.

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On September 14, according to Cointelegraph, Capital Group, a mutual fund giant with a history of 94 years known for its conservative investment style, has seen its holdings in Bitcoin-related stocks rise from $1 billion to over $6 billion. According to The Wall Street Journal, Mark Casey, a portfolio manager at Capital Group with 25 years of experience, led the company's foray into Bitcoin. Casey stated that his investment style is heavily influenced by Benjamin Graham and Warren Buffett, but he has now become an advocate for Bitcoin. In an interview on the venture capital firm Andreessen Horowitz's podcast, he said, "I just like Bitcoin; I find it very interesting." He referred to Bitcoin as "one of the coolest things ever created by mankind." Over the past four years, Capital Group has gradually expanded its Bitcoin exposure mainly by investing in so-called "Bitcoin reserve companies" (those publicly traded companies that accumulate and hold Bitcoin on their balance sheets).

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