Strategy, FINEXITY AG, Allianz – The next rally is coming

Strategy – Fraud allegations! Saylor continues to buy

Gold advocate and self-confessed crypto critic Peter Schiff has sharply attacked the Bitcoin strategy of the publicly traded company Strategy. In a post on X, he described the business model as a "fraud" and accused the Company of basing itself on untenable promises of high-yield preferred shares. He said the construct would only be viable as long as income-oriented funds were willing to buy these securities. At the latest, when insolvency became apparent, Strategy would face a "death spiral." Schiff challenged Saylor to a public debate at Binance Blockchain Week in Dubai.

His criticism is further fueled by the market environment: the Bitcoin price fell to USD 90,000, a six-month low and more than 25% below its all-time high. Strategy's stock has also lost more than 50% since July.

But Michael Saylor remains calm and continues to buy. On X, he announced that Strategy had "bought Bitcoin every day last week." In a CNBC interview, he reiterated that they were even accelerating their purchases. According to Saylor, the on-chain data indicating larger BTC movements is a misinterpretation. There are no plans to sell.

According to analysts at TD Cowen, there are theoretical risks, such as servicing debt. However, these will not be relevant until 2028 at the earliest. Strategy currently holds around USD 62.3 billion in Bitcoin. The latest issue of euro-denominated preferred shares is expected to bring in USD 715 million in fresh capital, once again to increase BTC holdings. Despite price pressure, Saylor believes the Company is well-positioned. Even in the event of a massive slump in the Bitcoin price, Strategy is "overcollateralized," according to its own statements.

FINEXITY AG makes quantum leap

FINEXITY, one of the leading trading venues for tokenized private market investments, has achieved a technological breakthrough in collaboration with Sparkasse Bremen. For the first time, private market investments are directly visible in a savings bank's online banking system. This marks a successful step toward seamlessly integrating digital assets into the traditional banking ecosystem, which is likely to be a milestone for the entire financial industry.

As part of the pilot project, FINEXITY technology, which has been in use for years as a white label solution for Sparkasse subsidiary Sachwert Invest, will be connected to the internet branches via Finanzinformatik for the first time. Customers of Sparkasse Bremen will now be able to view their private market investments in the same place where they manage their securities accounts. The fully digital subscription process, from onboarding to subscription to settlement, makes accessing real assets easier than ever.

"The connection sets a new standard for digital assets," explains Michael Ost, Deputy CEO of the FINEXITY Group. "We are building a bridge between traditional banking and the private markets of tomorrow."

For investors, this means greater transparency, faster processes, and direct access to asset classes such as private equity, private credit, infrastructure, real estate, and renewable energy.

FINEXITY is able to take on this role thanks to its comprehensive platform structure. The Company connects more than 50 issuers with six trading partners and over 84,000 registered investors via a specially developed OTC trading platform infrastructure. This also includes its own capital markets team, which supports issuers in structuring, tokenization, and placement, thus covering the entire value chain of digital securities transactions.

The model that has now been launched is fully scalable. Around 360 savings banks with over 45 million customers could be connected with little effort.

Allianz – Sell-off despite jump in profits

The DAX has been correcting sharply since the end of last week's trading and even broke through the critical support level of 24,500 points. A further fall below the psychological zone of 23,000 points would then make a rally at the end of the year completely obsolete. Even one of the largest insurers on the planet was caught up in this despite excellent quarterly figures.

Allianz delivered in the third quarter, significantly exceeding market expectations, and is now heading for a new record year. Net profit climbed 15% to EUR 2.85 billion, well above the expected EUR 2.68 billion. The property and casualty business performed particularly strongly, thanks to higher premiums and unusually low catastrophe losses. The combined ratio fell to an excellent 91.9%.

Allianz raised its annual targets on Thursday. Instead of the originally announced operating profit of EUR 16 billion, the group is now aiming for at least EUR 17 billion, with a possible range of up to EUR 17.5 billion. After nine months, EUR 13.1 billion has already been recorded, the highest figure in the Company's history.

Business volume also remains robust: premiums and commissions rose by 8.5% to EUR 141.2 billion. Net profit for the first nine months increased to EUR 8.38 billion despite special effects.

Asset management also delivered strong figures: Pimco and Allianz Global Investors reported net inflows of EUR 94 billion - a remarkable result in a volatile market environment. However, the highlight remains the property and casualty segment, which has already achieved 86% of its annual target and clearly exceeded expectations in the third quarter with EUR 2.4 billion.

Even an accusation of fraud by Peter Schiff is not preventing Strategy from continuing to invest in Bitcoin. Allianz impressed with its third-quarter figures. FINEXITY achieved a milestone in collaboration with Sparkasse Bremen.