- Samara Asset Group intends to raise its Bitcoin holdings through a bond issuance.
- The company intends to invest in emerging technology and alternative funds.
According to a news release dated October 14, Samara Asset Group intends to increase its shares in alternative investment funds as well as its Bitcoin holdings. The investment firm has contracted with Pareto Securities to handle a bond offering targeted at raising up to €30 million (approximately $32.78 million) through a series of fixed-income investor meetings. This senior secured Nordic bond will be traded on unregulated marketplaces in Oslo and Frankfurt, with a minimum subscription of €100,000.
Patrick Lowry, CEO of Samara Asset Group, highlighted that Bitcoin is the company’s primary treasury reserve asset. He expressed excitement about using the bond profits to buy more Bitcoin. 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, according to Lowry.
The share price of Samara Asset Group increased by more than 6% on the day of the announcement, reaching €2.04, according to Bloomberg statistics. In a post on X (previously Twitter), Lowry confirmed that the publicly traded company intends to use the bond proceeds to invest in breakthrough technology through partnerships with managers and builders. He also stated that they are forever HODL’ers and believe technology best drives humanity forward!
Aspirations to Compete with Major BTC Holders
Lowry has stated a long-term objective of matching MicroStrategy’s Bitcoin reserves, which currently exceed $458 million and making it the largest business holder of BTC in the United States. Christian Angermayer, a member of Samara’s Advisory Committee, highlighted the company’s aim of advancing humanity via innovation. He indicated that Samara intends to boost its Bitcoin holdings as part of this purpose.
“With this new dry powder, we are excited to invest in and partner with the builders of tomorrow’s most disruptive technologies, as well as grow our Bitcoin position,” Angermayer added. Samara Asset Group’s dedication to building up its Bitcoin reserves and diversifying into alternative investments demonstrates its strategic focus on emerging technologies in a shifting financial landscape.
Samara’s plan of action reflects a broader trend of firms increasingly using Bitcoin as a treasury reserve asset. This change, started by MicroStrategy in 2020, has gained speed in recent months, with smaller enterprises, such as Japan-based Metaplanet, also investing heavily in bitcoin. The launch of Bitcoin exchange-traded funds (ETFs) has increased institutional interest and exposure to the cryptocurrency market, resulting in further investment in Bitcoin.
