Samara Asset Group will issue a €30 million ($32.8 million) bond through Pareto Securities to expand its Bitcoin reserves and diversify its holdings.

Investment Expansion and Bitcoin Acquisition

On October 14, Samara Asset Group announced its plan to acquire additional stakes in alternative investment funds and increase its Bitcoin holdings. The company has mandated Pareto Securities to manage the bond issuance, which will involve a series of fixed income investor meetings for a bond of up to €30 million in senior secured Nordic bond. This bond will be listed on the unregulated Oslo and Frankfurt stock exchanges, with a minimum subscription requirement of €100,000.

CEO’s Vision for Bitcoin and Emerging Technologies

Patrick Lowry, CEO of Samara Asset Group, emphasized that Bitcoin is the firm’s primary treasury reserve asset. “The proceeds will allow Samara to further expand and solidify its already robust balance sheet as we diversify into new emerging technologies through new fund investments,” said Lowry. The funds from the bond will be used to acquire more Bitcoin and invest in innovative technologies.

“We are forever HODL’ers and believe technology best drives humanity forward!”

Strategic Goals and Market Response

On the day of the announcement, Samara Asset Group’s share price rose over 6% to €2.04. Christian Angermayer, a member of Samara’s Advisory Committee, stated that the firm aims to drive humanity forward through innovation by supporting top managers and builders. “With this new dry powder, we are excited to invest in and partner with the builders of tomorrow’s most disruptive technologies and grow our Bitcoin position,” said Angermayer.

Encouraging Future Growth

Lowry expressed aspirations for Samara to eventually hold as much Bitcoin as MicroStrategy, the largest corporate BTC holder in the U.S. with more than $458 million worth of BTC in their reserves. The investment in Bitcoin and innovative technologies underscores Samara’s commitment to leveraging disruptive technologies for future growth.

#Bitcoin #AI

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