As a seasoned crypto investor with over two decades of experience under my belt, I find Samara Asset Group’s recent announcement incredibly intriguing. Having weathered multiple market cycles and witnessed the rise and fall of countless digital assets, it’s refreshing to see an established firm like Samara taking such a bold step into the crypto realm.
Samara Asset Group plans to release a €30 million ($32.8 million) bond with the help of Pareto Securities. This bond will be utilized for increasing their Bitcoin investments and enhancing portfolio diversity.
Based on a statement from their press release on October 14th, Samara Asset Group plans to acquire further shares in alternative investment funds and boost its ownership of Bitcoins (BTC).
Samara has appointed Pareto Securities as the manager for a potential bond issuance worth up to €30 million euros. This will involve organizing a sequence of investor meetings focused on fixed income for this senior secured Nordic bond. The bond is planned to be listed on both unregulated stock exchanges in Oslo and Frankfurt. Investors must meet a minimum subscription requirement of €100,000 for any allocated amount.
The chief executive officer (CEO) of Samara Asset Group, Patrick Lowry, disclosed that Bitcoin serves as their main reserve asset for the company’s treasury and expressed enthusiasm about utilizing the earnings from the bond sale to purchase even more Bitcoin.
Lowry stated that the earnings will enable Samara to broaden and strengthen its existing financial stability, while investing in fresh, innovative technologies by means of funds, as we venture into new technology sectors on the rise.
In a recent announcement on platform X, Lowry revealed that the company, which is publicly traded, plans to employ the proceeds from the bond issuance towards “investing in cutting-edge technology via managers and developers, as well as expanding its Bitcoin reserves.
“We are forever HODL’ers and believe technology best drives humanity forward!” wrote Lowry.
In an additional message, he expressed his hope that one day, Samara might accumulate a comparable amount of Bitcoin reserves as MicroStrategy – currently the U.S.’s leading corporate BTC holder, holding over $458 million in Bitcoin.
As a passionate crypto investor, I’m thrilled to be part of Samara_AG’s innovative journey. We’re raising up to €30 million through bond issuance, with the aim of investing in groundbreaking tech, partnering with skilled managers, and enhancing our Bitcoin reserves! We’re firm believers that technology is the key driver for human progress, so #HODL we shall!
— Patrick Lowry (@Patrick_Lowry_) October 14, 2024
On the day the announcement was made, the stock price of Samara Asset Group rose more than 6%, reaching €2.04 as per data provided by Bloomberg.
Christian Angermayer, a part of Samara’s advisory team, mentioned that Samara strives to propel humanity ahead through innovative means by supporting top-tier business leaders and constructors globally. In line with this objective, the company plans to expand its investments in Bitcoin.
Angermayer expressed enthusiasm about investing and collaborating with the creators of groundbreaking future technologies and expanding our Bitcoin holdings, using this innovative dry powder,” he stated.
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2024-10-14 14:39