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

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Key points:
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.

The development also reflects a broader trend among large asset managers. Vanguard (VXF), the $8 trillion asset manager, has historically been against offering direct Bitcoin exposure and has previously declined to launch spot Bitcoin exchange-traded funds (ETFs). However, it is now one of Strategy's largest shareholders. In December last year, the firm launched its first Bitcoin ETF.

Strategy Solidifies Lead In Institutional Bitcoin Race

Strategy is a central player in institutional Bitcoin (BTC) adoption. The company currently holds over 800,000 Bitcoin, valued at tens of billions of dollars, and earlier this week surpassed BlackRock’s iShares Bitcoin Trust (IBIT) to become the “largest known institutional holder” of the cryptocurrency following a $2.5 billion purchase.

Strategy’s stock was up over 5% during pre-market hours. On Tuesday, the stock closed above $163, down 4%. On Stocktwits, the retail sentiment around MSTR remained in the ‘extremely bullish’ zone, while chatter around it stayed in the ‘high’ levels over the past day.

Institutional Bets Beyond Strategy

The move also comes just a day after Strive Inc (ASST) CEO Matt Cole disclosed that Capital Group was among the company's largest shareholders, along with Fidelity. The parallel position shows a broader institutional interest in cryptocurrency.

Strive is one of the largest holders of Bitcoin, currently holding roughly 13,000 BTC valued at nearly $1 billion.

Bitcoin’s price was trading at $78,057, up by 2% during pre-market hours. On Stocktwits, the retail sentiment around BTC remained in the ‘bullish’ zone, while chatter stayed in the ‘normal’ levels over the past day.
source: https://www.tradingview.com/news/stocktwits:9290ea2e6094b:0/