- Samara AG issues €30M in bonds to boost Bitcoin reserves and diversify its investment portfolio with alternative fund stakes.
- CEO Patrick Lowry aims for Samara to rival MicroStrategy’s Bitcoin holdings, showing strong commitment to long-term BTC growth.
- Samara’s bond issuance will fund Bitcoin purchases and investments in emerging technologies, driving innovation in the crypto space.
Samara AG, a publicly traded German firm, has revealed plans to issue €30 million in bonds to increase its Bitcoin holdings. The company, known for its strong presence in the crypto space, aims to strengthen its Bitcoin reserves.
This strategic move aligns with Samara AG’s goal of matching the Bitcoin accumulation of MicroStrategy, the U.S.-based firm led by Michael Saylor. The proceeds from the bond will also be used to acquire stakes in alternative investment funds, further diversifying Samara’s portfolio.
Expanding Bitcoin Holdings
Samara AG has stated that it will use the bond proceeds to purchase additional Bitcoin, which serves as its primary treasury reserve asset. CEO Patrick Lowry emphasized the company’s long-term commitment to Bitcoin, noting its importance in enhancing liquidity and securing the firm’s financial position.
Lowry also expressed Samara’s ambition to rival MicroStrategy’s large Bitcoin reserves, commenting, “It would be a dream to stack as much as Michael Saylor’s firm.” This push demonstrates the company’s belief in Bitcoin’s potential as a long-term asset.
Issuing the Bonds
Samara AG has enlisted Pareto Securities as the sole manager to arrange a series of fixed-income investor meetings, with the bond expected to be listed on the Oslo and Frankfurt Stock Exchanges.
The bond issuance, pending market conditions, will be through Samara Asset Group p.l.c., with a newly formed entity, Samara Asset Holdings Ltd., acting as guarantor. The bond offering targets investors with a minimum subscription amount of €100,000. The funds raised will support Samara’s expansion into new technologies while increasing its position in Bitcoin.
Driving Innovation
Samara’s leadership is committed to driving technological innovation through its investments. Notably, Christian Angermayer, a member of Samara’s advisory committee, reiterated the firm’s mission to support emerging technologies and managers.
Angermayer highlighted the firm’s goal of using this new capital to invest in innovative technologies while expanding their Bitcoin position. Samara’s strategy of combining traditional finance with cryptocurrency reflects its forward-looking approach to digital assets.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.