Samara Asset Group, a publicly listed German investment company, has announced plans to raise 30 million euros ($32.8 million) through a Nordic secured bond issue. The capital raising is intended to expand the company’s investment portfolio and significantly increase its Bitcoin holdings, positioning it as a potential rival to Michael Saylor’s MicroStrategy.
$32.8 Million In Bonds To Buy Bitcoin
The company has commissioned Pareto Securities as sole manager to organize a series of meetings for low-income investors. The bond issue, subject to market conditions, is intended to be listed on the deregulated markets of the Oslo and Frankfurt Stock Exchanges. Private placements require a minimum subscription and share price of €100,000.
The bond will be issued by Samara Asset Group plc, through a newly formed special purpose vehicle (SPV), Samara Asset Holdings Ltd., which has pledged to agree to the bond and act as guarantor. The structure uses the Nordic bond framework, which is known for its flexibility and investor-friendly terms.
“The proceeds from the bond are intended to expand Samara’s diversified investment portfolio by acquiring additional limited partnership stakes in other investment funds, as well as increasing its position in Bitcoin, which Samara uses as its primary treasury asset,” the company said in its statement. official press release.
Patrick Lowry, CEO of Samara Asset Group, expressed excitement about the bond issue: “We are excited about the prospect of placing this bond and look forward to using the proceeds to acquire more Bitcoin and continue investing in the world’s best emerging managers.” The proceeds will allow Samara to further expand and strengthen its already strong balance sheet as it transitions into new emerging technologies through the new fund’s investment. With Bitcoin as our primary treasury asset, we also improve our cash position through bond yields.”
Christian Angermayer, a member of the Samara Advisory Committee, added: “Our goal in Samara is to advance humanity through innovation by finding the best managers and builders in the world. With this new dry powder, we are excited to invest in and partner with the creators of tomorrow’s most disruptive technologies and grow our Bitcoin position.”
Germany’s MicroStrategy
Moving on to X (formerly Twitter), Patrick Lowry shared the company’s desire to invest in new technologies and increase its Bitcoin treasury through a bond issue. He also reaffirmed Samara’s commitment to holding Bitcoin for the long term and its belief in the technology as a key driver to advance humanity.
“At the publicly listed Samara AG, we are issuing bonds of up to €30 million to invest in new technologies using managers and developers, and grow our Bitcoin treasury! We are HODL’ers forever and we believe that technology drives humanity forward!” he commented.
In response to a press release on X, Lowry said: “We at Samara AG have HODL’d for years and are now raising our Bitcoin treasury and investing in disruptive technologies through senior executives and developers. Not sure if it’s possible, but it would be a dream to stack as much as @saylor.”
When asked by user X about the challenges of issuing bonds to European companies, Lowry revealed that this is Samara AG’s first bond issuance, and the first of its kind ever in Europe. “I will let you know how it goes in the coming weeks based on the response,” he commented.
At press time, BTC traded at $64,922.
The featured image was created with DALL.E, a chart from TradingView.com
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