MSTR Stock Reportedly Draws Fresh $747M Bet From Capital Group Amid Bitcoin Rally

Institutional interest in Bitcoin and Strategy increases, as the firm recently surpassed BlackRock to become the largest known institutional holder.

• Capital Group reportedly acquired $747 million worth of Strategy shares, increasing its exposure to Bitcoin-linked equities.
• Vanguard, despite historically opposing direct exposure to Bitcoin, remains one of Strategy’s largest shareholders, highlighting indirect institutional adoption.
• Bitcoin traded above $78,000, while Strategy shares rose in pre-market with retail sentiment remaining extremely bullish.

Capital Group’s American Funds Fundamental Investors (ANCFX) reportedly acquired 4.32 million shares of Strategy Inc. (MSTR), valued at approximately $747 million, marking a significant increase in its exposure to Bitcoin-linked (BTC) equities.

Capital Group, one of the world’s oldest investment management firms, made the purchase through its American Funds Fundamental Investors arm, a large-cap equity fund focused on long-term growth, according to a report. 

The fund’s latest buying lifted its total stake in Strategy to over 10 million shares, with the position now valued at roughly $1.7 billion, according to reports. As of March, the fund held around 0.84% in Strategy’s shares.