US Giant Capital Group invests over half a billion dollars in BTCTC through MicroStrategy

Amid the massive environmental, social and governance (ESG) debate, a US-based investment giant, Capital Group, is increasing its indirect exposure to Bitcoin (BTC). Capital Group has approved a more than half a billion dollar investment in software developer and major BTC developer MicroStrategy, while several other crypto-related companies are already on their investment list.

US Giant Capital Group invests over half a billion dollars in BTCTC through MicroStrategy

A division of the large US asset management company Capital Group, Capital International Investors (CII), bought 12.2% of the common stock of MicroStrategy (MSTR). .

This large investment surprised many as it came from concerns about ESG, which are seen as one of the main drivers of a major market correction. Recently, Bitcoin has been heavily criticized for its energy consumption, while analysts are still working to debunk and explain myths about Bitcoin mining.

Meanwhile, the 90-year-old Capital Group said it believes “ESG is essential to investing successfully” and that it “systematically incorporates environmental, social and governance issues into its investment process”. long-term results for their customers.

According to its policy statement, ESG is not a separate process or “additional” step.

In addition, in accordance with the reporting framework of the Responsible Investment Principles (PRI), the Capital Group has received a sustainability rating of A or A + in each category that applies to it.

At the same time, MicroStrategy is steadily acquiring BTC, which is ignorantly accused of “boiling the oceans”. According to the latest data available, the company is currently among the largest BTC holders as it owns 105,085 BTC, which was purchased for around $ 2.741 billion at an average price of $ 26,080 per BTC. Today this is worth about $ 3.5 billion.

Capital Group announced that it had more than $ 2.3 million in equity and fixed income assets under management for millions of individuals and institutional investors around the world as of December 31, 2020.

Learn more about the capital group

Capital Group is a US financial services company. With over $ 2 trillion in assets under management, it is one of the largest and oldest investment management institutions in the world. Founded in 1931 in Los Angeles, California, the privately held company has offices worldwide in the Americas, Asia, Australia and Europe.

Capital offers a wide range of products with an active management focus, including over 40 mutual funds through its subsidiary, American Funds Distributor, as well as separately managed (or authorized) accounts, mutual funds, private equity, investment services for high net worth investors in the United States as well as a range of other services for institutional clients and retail investors around the world.

MicroStrategy isn’t the only way Capital Group is investing in the world’s first indirect cryptocurrency, as you can tell by a quick look at their funds – they are through their many investments in companies already offering crypto-related services, BTC and cryptocurrencies suspended plan this.

For example, the New Economy Fund has investments in CME Group, Square, PayPal and Visa with a combined market value of the shares purchased of $ 589 million.

New Perspective Fund has also invested in PayPal, CME, and Visa, as well as Tesla, BlackRock, Bank of America, Intercontinental Exchange (the company behind the Bakkt app), and SoftBank for a total market value of nearly $ 13.7.

Finally, some of their other funds feature similar investments, such as the Capital Income Builder and Income Fund of America.

Capital Group announced that it had more than $ 2.3 million in stocks and fixed income assets under management for millions of individuals and institutional investors around the world as of December 31, 2020.

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