Odaily Planet Daily reported that Simon Gerovich, CEO of Japanese Bitcoin treasury company Metaplanet, published a statement revealing that Capital Group has become Metaplanet's largest shareholder, currently holding 11.45% of the shares and a market value of nearly US$500 million.

Capital Group, a 94-year-old mutual fund giant known for its conservative investing style, has seen its holdings in Bitcoin-related stocks grow from $1 billion to over $6 billion. According to the Wall Street Journal, Mark Casey, a portfolio manager with 25 years of experience at Capital Group, led the firm's foray into Bitcoin. Casey, who cited Benjamin Graham and Warren Buffett as influences of his investing style, has become a vocal advocate for Bitcoin.