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Allianz Bets Big On Bitcoin Through MicroStrategy
Source: Bitcoinist Allianz SE, Europe’s second-largest insurance company and Germany’s largest, has acquired nearly 25% of MicroStrategy’s recent convertible note offering. The investment marks a substantial endorsement of Bitcoin by a major financial institution. Allianz Wants Bitcoin Exposure Allianz purchased 24.75% of MicroStrategy‘s $2.6 billion note sale intended for institutional investors, which closed on November…