Germany’s largest insurer, Allianz, has bought 24.75% of MicroStrategy’s $2.6 billion convertible notes through four subsidiaries, signaling a surge in institutional interest in Bitcoin. 🧐
💡 MicroStrategy, the largest corporate Bitcoin holder, plans to use these funds to buy more Bitcoin and for corporate purposes, fueling expectations for Bitcoin to hit $100K soon.
📈 With Bitcoin already reaching a record $99,000 and posting a historic monthly gain of over 40%, analysts predict it could break $100K by the end of the month.
However, some warn that the crypto market’s growing leverage might need correction before further surges.
Allianz’s move shows how traditional finance is embracing Bitcoin. Are we witnessing the start of a new institutional crypto wave? 🌊💰
