Samara Asset Group Eyes €30M Bond to Expand Bitcoin Treasury
Samara Asset Group, a publicly traded asset management company, is striving to expand its Bitcoin holdings using the money from a bond worth 30 million euros ($32.8 million). The investment bank Pareto Securities will be the only manager in setting up a series of scheduled investor meetings on a possible multi-million euro bond to broaden its investment portfolio, according to Samara’s announcement on October 14.
An up to 30 million euro senior secured Nordic bond may follow subject to, inter alia, market conditions,
the firm
Patrick Lowry, CEO of Samara, claims that after years of hoarding Bitcoin, the asset manager is now expanding its Bitcoin treasury and using top managers and builders to invest in new technology.
Not sure it’s possible, but it’d be a dream to stack as much as Michael Saylor,
Lowry
Patrick Lowry Sets Ambitious Goal to Reach 1.000 BTC Holdings by Year-End
Lowry claims that Samara is aiming to greatly expand its holdings in 2024 and now has about 421 BTC. He pointed out that the amount raised would determine how much Samara would invest in Bitcoin through the bond.
I’d like to cross 1,000 BTC by year’s end. Depends on how much we raise. Any assets that we raise that don’t deploy to the funds will be held in Bitcoin as a part of our core treasury management strategy.
Lowry
According to Lowry, Samara’s investments include Bitcoin as well as funds and management dedicated to the company’s goal of using technology to better humanity. Lowry claims that as of June, Samara’s net asset worth was $206 million, or 189 million euros. Among the companies in the company’s portfolio are Nextmarkets, Deutsche Digital Assets, and the mining company Northern Data.
For more up-to-date crypto news, you can follow Crypto Data Space.
Leave a comment