German-Listed Samara AG Issues €30M Bonds to Increase Bitcoin Reserves – Can This Bolster BTC Prices to ATHs?
The post German-Listed Samara AG Issues €30M Bonds to Increase Bitcoin Reserves – Can This Bolster BTC Prices to ATHs? appeared on BitcoinEthereumNews.com.
Samara Asset Group wants to add more Bitcoins to its portfolio through the sale of a €30 million bond. The firm has hired Pareto Securities to hold one-on-one meetings with potential investors for a possible bond offering. Samara Asset Group, a publicly listed asset management firm, is preparing to significantly increase its Bitcoin holdings. The company intends to allocate the funds received from a €30 million ($32.8 million) bond for investing in cryptocurrency and other assets. In a press statement on October 14, Samara disclosed that Pareto Securities had been appointed to hold investor meetings. The meetings are intended to evaluate the prospects of a possible multi-million euro bond that will be senior secured and tap the Nordic market. The funds will be used for buying more limited partnership interests and more BTC, which the firm views as a core treasury asset. “An up to €30 million bond may follow, depending on market conditions,” Samara stated. The company’s CEO, Patrick Lowry, has stated that the decision supports the firm’s strategic plan to increase the size of its Bitcoin holdings, something that the firm has done for several years now. Samara Targets Disruptive Technologies Samara is not limited to investing only in Bitcoin. The firm seeks to back disruptive technologies by partnering with leading managers and innovators. Lowry also underscored the firm’s long-time focus on Bitcoin, saying that Samara is now ramping up its Bitcoin exposure as part of a broader investment theme centred on new technologies. Lowry also acknowledged a personal goal: “It’d be a dream to stack as much as Michael Saylor.” This remark refers to Saylor’s company, MicroStrategy, which has accumulated billions in Bitcoin. Saylor recently revealed his goal of transforming MicroStrategy into the largest Bitcoin bank globally. Samara’s Bitcoin investment strategy is similar to that of other…
Filed under: News - @ October 15, 2024 6:23 am