Allianz SE, the second largest insurance company in Europe and the largest in Germany, has made a significant investment by acquiring 24.75% of the $2.6 billion worth of convertible bond offerings issued by MicroStrategy. This move, completed on November 21, 2024, was carried out through four Allianz subsidiaries, demonstrating the company's strategic interest in exposure to Bitcoin. MicroStrategy, known as the largest corporate holder of Bitcoin in the world, plans to use the funds to purchase more Bitcoin and support other corporate activities. This offer was initially intended to raise $1.75 billion but increased to $2.6 billion due to high institutional demand, and ultimately raised $3 billion. Allianz's investment, along with other institutions, reflects the growing confidence in Bitcoin as a financial asset. #BTC
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Allianz SE, the second largest insurance company in Europe and the largest in Germany, has made a significant investment by acquiring 24.75% of the $2.6 billion worth of convertible bond offerings issued by MicroStrategy. This move, completed on November 21, 2024, was carried out through four Allianz subsidiaries, demonstrating the company's strategic interest in exposure to Bitcoin. MicroStrategy, known as the largest corporate holder of Bitcoin in the world, plans to use the funds to purchase more Bitcoin and support other corporate activities.
This offer was initially intended to raise $1.75 billion but increased to $2.6 billion due to high institutional demand, and ultimately raised $3 billion. Allianz's investment, along with other institutions, reflects the growing confidence in Bitcoin as a financial asset. #BTC