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.
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57 sats \ 1 reply \ @fm 9h
Sell btc low
Buy shares high
Great way to fuck up
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47 sats \ 0 replies \ @denlillaapan 6h
thank god for taxes and responsible fiscal custodians!
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64 sats \ 0 replies \ @stack_harder 7h
a step in the right direction for Germany wasting their precious 50000 coins
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0 sats \ 0 replies \ @Solomonsatoshi 7h
Good to see large insurers recognising Bitcoin.
They already face massive growing risk exposure due to climate change and investing in Bitcoin may enable mitigating that risk somewhat.
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