Samara Asset Group, a publicly listed German investment firm, announced plans to raise up to 30 million euros ($32.8 million) through the issuance of senior secured Nordic bonds. The capital raise aims to expand the company’s investment portfolio and significantly increase its Bitcoin holdings, making it able to compete with Michael Saylor’s MicroStrategy.
$32.8 million bonds to buy Bitcoin
The company has engaged Pareto Securities as sole manager to arrange a series of fixed income investor meetings. The bond issue, subject to market conditions, will be listed on the unregulated markets of the Oslo and Frankfurt stock exchanges. The private placement requires a minimum subscription and allocation of €100,000.
The bonds will be issued by Samara Asset Group plc, with a newly formed special purpose vehicle (SPV), Samara Asset Holdings Ltd., underwriting the bonds and acting as guarantor. This structure benefits from the Nordic bond framework, which is known for its flexibility and investor-friendly terms.
“The bond proceeds are intended to expand Samara’s diversified investment portfolio through the acquisition of additional limited partnership interests in alternative investment funds, as well as increasing its position in Bitcoin, which Samara uses as a primary treasury reserve asset,” the company said in its statement. official press release.
Patrick Lowry, CEO of Samara Asset Group, expressed his excitement about the bond issuance: “We are excited about the prospect of these bonds and look forward to using the proceeds to acquire more Bitcoin and continue seeding the best emerging managers in the world. The proceeds will allow Samara to continue to expand and solidify its balance sheet.” Already Strong As we diversify into new emerging technologies through new fund investments and with Bitcoin being our primary treasury reserve asset, we are also strengthening our liquidity position through bond yields.
Christian Angermayer, member of the Samara Advisory Committee, added: “Our mission at Samara is to move humanity forward through innovation by cultivating the best managers and builders in the world. With this new dry powder, we are excited to invest and partner with the creators of tomorrow’s most disruptive technologies and grow Bitcoin’s own niche.” With us.
The precise German strategy
Speaking to X (formerly Twitter), Patrick Lurie shared the company’s aspirations to invest in innovative technology and increase its Bitcoin treasury through issuing bonds. He reiterated Samara’s commitment to holding Bitcoin for the long term and her belief in technology as a key driver of human progress.
“At publicly listed company Samara AG, we are issuing up to EUR 30 million of bonds to invest in innovative technology through managers and builders, and to increase our Bitcoin treasury! We are Forever members of HODL and believe that technology is what best moves humanity forward!” he Notice.
In response to a news report on X, Lowry male“We at Samara AG have been holding the contract for years and are now growing our Bitcoin treasury and investing in the revolutionary technology through senior managers and builders. I’m not sure it’s possible, but it would be a dream to raise as much as @saylor has.”
When asked by an X user about the challenges of offering bonds to European companies, Lurie revealed that this is the first ever bond issuance at Samara AG, and the first of this specific type ever in Europe. “I’ll let you know how things go in the coming weeks based on the feedback,” he added.
At press time, Bitcoin was trading at $64,922.
Featured image created with DALL.E, a chart from TradingView.com
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