- Portfolio manager Mark Casey, twenty-five years at Capital Group, champions Bitcoin despite Graham-Buffett roots, calling it interesting today.
- Expansion in Asia: Henry Chan leads Hong Kong intermediaries, while stakes in Metaplanet and Mara Holdings broaden exposure.
Capital Group has converted a $1 billion allocation to Bitcoin-focused stocks into a position valued above $6 billion. The company assembled the $6 billion holding over the course of four years. It achieved this mainly by purchasing equity in firms that carry Bitcoin on their balance sheets.
Portfolio manager Mark Casey directed the investment approach. Casey has worked at Capital Group for twenty-five years. He identifies Benjamin Graham and Warren Buffett as primary influences on his methods. Casey now also publicly advocates for Bitcoin. He expressed this view on a podcast, stating, “I just love Bitcoin, I just think it is so interesting.”
“I just love Bitcoin, I just think it is so interesting,” Casey said during a podcast interview with venture firm Andreessen Horowitz. He called Bitcoin “one of the coolest things that has ever been created by people,” per the WSJ report.
In another business segment, Capital Group appointed Henry Chan to head its financial intermediaries unit in Hong Kong. Chan will supervise the local team, seek to broaden distribution, and fortify client connections. He reports directly to the head of the Greater China client group.
Chan holds twenty years of experience in the field, which includes a seven-year period at Capital Group in distribution. This decision indicates the company’s continued commitment to its Hong Kong operations.
The most considerable part of this investment is a holding in Strategy, the business once called Strategy. Capital Group purchased a 12.3 percent share for over $500 million in 2021. Share issuance has lowered that stake to 7.89 percent, but its estimated worth is now $6.2 billion. This change stems from a stock price increase exceeding 2,200 percent for Strategy across five years.
The firm also holds a five percent stake in Metaplanet, a Japanese company that transitioned from hotels to Bitcoin. It owns a portion of the mining operation Mara Holdings as well.
Bitcoin (BTC) is trading at approximately $114,914, following a recent high of $116,783. This slight decline is part of a broader pullback across the crypto market, largely due to profit-taking after weeks of bullish momentum.
Despite the correction, BTC maintains a strong yearly growth of 91.45%, with a 23% gain year-to-date and nearly 39% over the last 6 months, indicating a resilient long-term uptrend.
From a technical standpoint, BTC has recently broken out of an ascending triangle pattern that formed within a downtrend — typically a bullish continuation setup. While this breakout suggests further upside, current price action is consolidating around the $113K–$115K zone, a critical resistance area.
ETHNews analysts expect a retest of previous support zones before another leg higher. Some predictions point toward $119,000 as the next immediate target, while others remain cautious, warning of a possible drop to $96,000 if support at $113K fails.
On the financial front, Bitcoin continues to attract institutional interest. Last week, spot Bitcoin ETFs in the U.S. saw $2.3 billion in inflows, with BlackRock’s IBIT fund leading the surge.
Overall, Bitcoin funds experienced $2.4 billion in net inflows, the highest since July, underscoring strong investor confidence despite the short-term volatility. Additionally, companies like Goobit Group AB are launching innovative Bitcoin treasury strategies, signaling growing corporate adoption.
From a structural perspective, Bitcoin has transitioned from a downward channel into a large rising wedge, suggesting increased volatility ahead. Despite this, the price is maintaining a higher-lows formation — a bullish signal — indicating that bulls are gradually gaining control.
ETHNews analysts are closely watching the $116.9K and $119K levels for confirmation of a breakout continuation, while bears remain focused on a potential breakdown to $107K or lower.
ETHNews prediction: Based on current technicals and market momentum, Bitcoin is expected to reach $118,300 within the next 5–10 days, assuming the $113K support zone holds. However, if this level breaks, we may see a pullback toward $106,800 before any further bullish continuation.
