A Allianz, a maior seguradora da Alemanha, comprou quase 25% das notas de US$ 2,6 bilhões da Microstrategy. De acordo com dados de um gráfico do Terminal Bloomberg compartilhado por um usuário X, a empresa comprou 149.455 notas, mostrando o aumento da demanda Bitcoin entre as instituições.
A maior seguradora da Alemanha, Allianz, está em destaque depois de comprar 24,75% das notas conversíveis de 2031 da Microstrategy. Ao final do processo de emissão de notas, a Allianz emergiu como a maior empresa de investimento entre as entidades participantes.
🇩🇪A gigante alemã de seguros Allianz comprou 24,75% dos títulos de 2031 da MicroStrategy 🤯 pic.twitter.com/OVtbZNhZ6o
— Petruschki (@petruschkii) 22 de novembro de 2024
Microstrategy’s $2.6 billion convertible note offering attracted large companies in different sectors and from various parts of the world. According to a Bloomberg Terminal chart shared by an X user on November 22nd, the company executed the purchase in several positions involving Allianz and its subsidiaries.
Allianz Global Investors Luxembourg holds 14.34%, Allianz Global Inv Of America LP bought 6.64%, Nicholas Applegate Cap MGMT Inc holds 3.74%, and Allianz Global Investors GMBH bought 0.04%.
BlackRock was among the participants involved in the sale and walked away with 5,925 notes, equivalent to 0.98% of the notes issued.
Calamos Partners trailed behind Allianz after purchasing 37,329 notes, or approximately 6.18% of the collectible notes Microstrategy issued. Context Capital Management claimed the third position with a position size of 30,500 notes, representing 5.05% of the total issued notes. Other participants who took positions on MicroStrategy’s convertible note sales include Deutsche Bank, Gam Holding, and the Royal Bank of Canada.
Microstrategy had initially announced an offering of $1.75 billion aggregate principal amount of notes on November 18th. However, the company increased the offering value to $2.6 billion on November 20th.
The note offering ended on November 21st, raising $3 billion in capital from investors. The software company holds 331,200 bitcoins worth 32.41 billion at current prices. Its most recent purchase took place on November 17th, when the company added 51,780 Bitcoin to its holdings.
The note offering indicates the rising investor confidence in the crypto industry. The influx in institutions in Bitcoin has primarily been driven by positive litigation expectations in the U.S. when President-elect Donald Trump assumes office in January next year.
Microstrategy has inspired other companies to adopt Bitcoin as a strategic reserve asset to hedge against inflation and boost shareholder value. Japanese investment firm Metaplanet announced it had begun playing Michael Saylor’s by adding Bitcoin to its balance sheet as a strategic reserve asset in mid-May.
The company made its second multi-million dollar Bitcoin purchase worth $11 million in less than a month. According to data from Bitcoin Treasuries, the Japanese company now holds 1,142 bitcoins worth $111 million. Advanced battery materials: Solidion Technology also adopted the asset as a strategic reserve and announced it would commit 60% of its excess cash from operations to accumulate the asset going forward.
Bitcoin has hit an all-time high of $99,502 today. The asset is currently trading at $97,953 after a 1% gain in the last 24 hours, reinforcing its seven-day gain of 9%.
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