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Patrick Lowry, CEO of Samara Asset Group (a company in Germany that focuses on crypto assets, blockchain based business and alternative asset management), has announced plans to issue up to €30 million in bonds aimed at investing in innovative technology and expanding its Bitcoin (BTC) treasury. CEO Patrick Lowry also emphasized the company’s commitment on holding Bitcoin long-term and expressing his desire to become a Bitcoin giant, alongside industry leader, Michael Saylor. We at @Samara_AG_ have HODL’d for years and are now increasing our #Bitcoin treasury and investing in disruptive tech through top managers and builders Not sure it’s possible, but it’d be a dream to stack as much as @saylor — Patrick Lowry (@Patrick_Lowry_) October 14, 2024 Lowry’s tweet highlights the company’s vision, where it emphasizes that technology drives the humanity forward. With Bitcoin’s price soaring as $71,000 recently, this stance of Samara positions itself favorably within the evolving digital asset landscape. The firm’s focus on decentralization and innovation indicates its commitment to shaping the future of finance. Lowry’s Strategic Move to Increase Bitcoin Reserve This issuance of bond is a great strategic move because by leveraging their balance sheet, the firm aims to democratize access to make high-end investments available to everyone, not just the wealthy. This bond issuance will support investments in disruptive technologies through top tier managers, enhancing shareholder value and contributing to the growth of the BTC system. Additionally, Lowry also commented that with BTC as their primary treasury reserve asset, they will also enhance their liquidity position with bond proceeds. This bond issuance is expected to further increase growth and solidify Samara’s standing as a key player in the investment landscape. the investors are also optimistic about Samara’s potential impact on the market. With this strategy, Samara Asset Group aims to empower its shareholders…

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Filed under: News - @ October 14, 2024 9:26 am