CandleFocus

Allianz acquires 25% of MicroStrategy's bonds

German insurance company Allianz has purchased 25% of MicroStrategy's convertible bond loan, indicating its participation in the business intelligence company's Bitcoin accumulation strategy. MicroStrategy previously announced a private offering of senior convertible bonds in 2031 to raise $500 million for Bitcoin purchases. Allianz's significant stake suggests increasing institutional interest in Bitcoin. MicroStrategy currently holds over 331,200 BTC, worth over $32 billion, and recently purchased an additional 51,780 BTC during the crypto rally. However, the price of MicroStrategy stock (MSTR) has since fallen, potentially due to market concerns about the company's debt issuance to buy BTC at all-time highs.

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