Summary
- U.S. Capital Group reportedly earned $6 billion from its Bitcoin investment in 4 years.
- The Bitcoin investment was carried out through the purchase of shares in Strategy (formerly MicroStrategy).
- Capital Group views Bitcoin as a traditional commodity and expects Bitcoin prices to rise.
U.S. giant financial firm Capital Group reportedly made substantial gains from its Bitcoin (BTC) investment.
On the 15th (Korea time), The Wall Street Journal reported that Capital Group saw profits of $6 billion from a $1 billion Bitcoin-related investment it made in 2021.
Capital Group's Bitcoin investment was made by purchasing shares of Bitcoin-holding company Strategy (formerly MicroStrategy). In 2021 Capital Group acquired a 12.3% stake in Strategy for $500 million, and its current value stands at $6.2 billion.
Mark Casey, a Capital Group portfolio manager, said, "We view Bitcoin as a traditional commodity," and predicted, "Bitcoin's price will continue to rise."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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