- Samara AG has announced plans to buy more Bitcoins.
- The company will issue a €30 million bond to fund the acquisition.
- Samara reiterated its commitment to Bitcoin as a reserve asset in its primary treasury.
German public-listed company Samara Asset Group (AG) has revealed plans to buy more Bitcoin , reinforcing its commitment to the original cryptocurrency as its primary treasury reserve asset.
Formerly Cryptology Asset Group, Samara AG brands itself as a “deep-tech powered” alternative asset manager providing investment seeds to upcoming asset managers and builders in the crypto industry. Samara AG’s venture portfolio comprises notable Bitcoin infrastructure firms, including Northern Data, NYDIG, Apparatus, and Chintai.
Samara AG’s Bitcoin Acquisition Plan
In a press release on October 14, Samara AG said it planned to issue a senior secured Nordic bond with Pareto Securities as sole manager for up to €30 million.
Sponsored
The company will leverage the bond’s proceeds to strengthen its position in Bitcoin and expand its diversified investment portfolio by acquiring additional limited partnership stakes in alternative investment funds.
“We are excited by the prospect of placing this Bond and look forward to using the proceeds to acquire more Bitcoin and continue to seed the world’s best emerging managers,” Samara CEO Patrick Lowry stated. “With Bitcoin as our primary treasury reserve asset, we also enhance our liquidity position with bond proceeds.”Per the statement, Samara Asset Group p.l.c will issue the bond, which is expected to be listed on the unregulated market of the Oslo and Frankfurt Stock Exchanges for private placement with a minimum subscription and allocation amount of € 100,000.
Samara Asset Holdings Ltd, a newly formed SVP, would be pledged to favor the €30 million bond and be its guarantor.
Stay updated on Metaplanet’s latest Bitcoin acquisition:
Metaplanet’s Bitcoin Bag Eclipses $46 Million After New Purchase
Read why Schiff is upset about HBO’s Satoshi documentary:
Satoshi Documentary Riles up Schiff Over Commentary Snub
