Samara Asset Group plans to issue $32.8m bonds to boost its Bitcoin holdings

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

Samara Asset Group announced plans to increase its Bitcoin (BTC) holdings in addition to purchasing additional shares in alternative investment funds, according to the investment firm’s Oct. 14 press release.

Samara appointed Pareto Securities to manage the bond issue and agreed to hold a series of fixed income investor meetings for a bond worth up to €30 million in senior covered Scandinavian bonds. The bond will be listed on the unregulated Oslo and Frankfurt stock exchanges, with a minimum subscription of €100,000 in the allocated amount.

Samara Asset Group CEO Patrick Lowry stated that Bitcoin is the investment firm’s primary treasury reserve asset and that he looks forward to using the proceeds from the bond to acquire more Bitcoin.

“Proceeds will enable Samara to further expand and consolidate its already strong balance sheet, while being directed towards emerging technologies through new fund investments,” Lowry said.

In an

“We are forever HODLers and believe that technology will advance humanity at its best!” wrote Lowry.

In a separate post, he added that he hopes one day Samara may have as much Bitcoin reserves as Microstrategy, the largest institutional BTC holder in the US, which has more than $458 million in BTC in reserves.

publicly listed @Samara_AG_We are issuing Bonds of up to €30 million to invest in innovative technology and increase our investments through managers and builders. #Bitcoin treasure!

We are forever #HODLThey believe that people and technology will best advance humanity!https://t.co/50BMOmSv2n

— Patrick Lowry (@Patrick_Lowry_) 14 October 2024

On the day of the announcement, Samara Asset Group’s share price increased by over 6% to €2.04, according to Bloomberg data.

Samara Advisory Committee member Christian Angermayer said Samara aims to move humanity forward through innovation by “educating the world’s best managers and builders.” The company plans to increase its holdings in Bitcoin in line with its mission.

“With this new dry powder, we are excited to invest and partner with those developing the most breakthrough technologies of tomorrow and grow our Bitcoin position,” Angermayer said.