Capital Group Deepens Stake in Bitcoin Treasury Company Strive

Capital Group's SMALLCAP World Fund has increased its stake in Strive (ASST), a company that holds Bitcoin as a treasury asset. The fund purchased an additional 481,772 shares of Strive for approximately $5.52 million, bringing its total holdings to 2.93 million shares worth around $33.62 million.

This move signals institutional confidence in Strive's business model, which has gained traction among some publicly traded firms but remains controversial among traditional investors. Capital Group is one of the world's largest asset managers, with approximately $3.3 trillion in assets under management.

The purchase reinforces a trend of institutional engagement with Bitcoin-focused corporate strategies and may encourage other large asset managers to evaluate similar investments.