The insurance giant reportedly made the investment across four different sub-organizations, according to Bloomberg Terminal data shared by pseudonymous analyst Petruschki.
Germany’s largest insurance company, Allianz, has reportedly purchased nearly a quarter of MicroStrategy’s $2.6 billion convertible note offering, signaling increasing institutional interest in Bitcoin.
Allianz — the second-largest insurance provider in Europe — has acquired 24.75% of MicroStrategy’s $2.6 billion note sale for institutional investors, which closed on Nov. 21.
The insurance giant made the investment across four different sub-organizations, according to Bloomberg Terminal data shared by pseudonymous analyst Petruschki in a Nov. 22 X post. Petruschki stated:
