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Ghost of Truth 1y ago

Allianz gets on board with Bitcoin

German capital is notorious on the financial markets as the stupid capital. Now comes a big surprise: insurance giant Allianz gets in on Bitcoin and purchased nearly 25% of MicroStrategy's 2031 convertible note offering... this is all the funnier since a few weeks ago the German state checked out its 50000 looted coins and dumped them cheap on the market.

#Bitcoin #germany #allianz #mstr

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sauna 1y ago

I’ve been trying to get my head around what mstr’s value is, informed by Saylor’s recent presentation at Cantor. He’s creating a new market for capital to have access to BTC. Otherwise Royal Bank of Canada would not be exposed to the best performing asset in the world. What’s it worth to create financial products for these markets?