Publicly-listed Samara Asset Group to buy Bitcoin using $33M bond

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As a seasoned researcher with a keen eye for financial trends, I find it fascinating to witness traditional asset management firms like Samara Asset Group diving headfirst into the crypto realm. The strategic move to increase Bitcoin holdings using proceeds from a 30 million euro bond is a testament to the growing acceptance and integration of digital assets in mainstream finance.

The publicly-traded investment company, Samara Asset Group, aims to augment its Bitcoin investments by utilizing the funds generated from a €30 million ($32.8 million) bond issue.

On October 14th, Samara officially appointed Pareto Securities as the exclusive organizer for arranging fixed meetings with potential investors, discussing the possibility of issuing a large sum of euros in bonds to grow their investment portfolio.

The company mentioned they might issue a senior secured Nordic bond worth up to 30 million euros, depending on market conditions. If it goes ahead, the funds from this bond will be allocated towards acquiring more shares in partnerships and investments in Bitcoin (BTC), which the firm has identified as its main reserve asset for treasury purposes.

As a researcher, I’ve come across insights from Patrick Lowry, the CEO of Samara, who shared that his company has been steadfastly holding Bitcoin for several years. Now, they are not only reinforcing their Bitcoin treasury but also channeling investments into cutting-edge technology through influential managers and innovators in the field.

“Not sure it’s possible, but it’d be a dream to stack as much as Michael Saylor,” Lowry remarked.

This is a developing story, and further information will be added as it becomes available.

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2024-10-14 12:45