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 21. The investment was made across four of Allianz’s sub-organizations, according to Bloomberg Terminal data shared by the pseudonymous analyst Petruschki in a November 22 post on X: “German insurance giant Allianz bought 24.75% of MicroStrategy’s 2031…
