News with the tag "Allianz"

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...

Allianz, Germany’s biggest insurer, bought nearly 25% of Microstrategy’s $2.6 billion notes. According to data from a Bloomberg Terminal chart shared by an X user, the company purchased 149,455 notes, showing increasing Bitcoin demand among institutions.

The insurance giant made the investment across four different sub-organizations, according to Bloomberg Terminal data shared by pseudonymous analyst Petruschki.

"You have people talking about bitcoins, about equity, being the safe asset," El-Erian told CNBC.