Crypto
Capital Group Fund Doubles Down on Bitcoin Treasury Play
A Capital Group-managed fund has further invested in Strive, a company that holds Bitcoin as a treasury asset. The SMALLCAP World Fund purchased an additional 481,772 shares of Strive (ASST), valued at approximately $5.52 million.
This brings the fund's total holdings in Strive to 2.93 million shares, with a current market value of around $33.62 million.
The move signals institutional confidence in Strive's business model, which has gained traction among some publicly traded firms but remains controversial among traditional investors.