As a seasoned crypto investor with a penchant for spotting promising opportunities, I can’t help but feel a surge of excitement upon learning about Samara Asset Group’s ambitious plans to raise €30 million through a senior secured Nordic bond issuance. This move, if successful, could potentially position them as the German MicroStrategy, a title that carries significant weight in the crypto world.
Samara Asset Group, a German investment firm that’s publicly traded, has revealed intentions to gather as much as €30 million ($32.8 million) through the sale of a senior-secured bond in the Nordic region. This fundraising effort is aimed at broadening the company’s investment options and substantially boosting its Bitcoin reserves, potentially placing it on par with MicroStrategy, led by Michael Saylor.
$32.8 Million In Bonds To Buy Bitcoin
The company has designated Pareto Securities as the exclusive organizer for a sequence of bond investor gatherings. If market conditions permit, this bond offering will be listed on the over-the-counter markets of Oslo and Frankfurt Stock Exchanges. This private placement calls for a minimum investment and allotment of €100,000.
The bond will be released by Samara Asset Group p.l.c., with a newly created entity called Samara Asset Holdings Ltd., serving as a pledge and guarantee for the bond. This setup makes use of the Nordic bond framework, a system renowned for its adaptability and favorable conditions for investors.
According to the statement released by the company, the money gained from the bond will be utilized to broaden Samara’s assorted investment portfolio by purchasing further limited partnership shares in diverse investment funds and also boosting its Bitcoin holdings, which currently serves as Samara’s main reserve asset.
Patrick Lowry, the CEO of Samara Asset Group, showed great interest in the planned bond offering: “We’re eager to sell this bond and can’t wait to use the funds to buy more Bitcoin and support talented up-and-coming managers. The money will help us broaden our portfolio and strengthen our financial standing as we invest in cutting-edge technologies through new funds. Since Bitcoin serves as our main treasury reserve, these bond earnings will also boost our liquidity.
Christian Angermayer, a part of Samara’s Advisory Panel, commented: “Samara’s goal is to propel humanity ahead by fostering innovation. By this fresh investment fund, we are thrilled to back and collaborate with the architects of future groundbreaking technologies, expanding our Bitcoin holdings in the process.
The German MicroStrategy
On X, previously known as Twitter, Patrick Lowry disclosed that the company aims to pour resources into cutting-edge technology and expand its Bitcoin holdings via bond sales. He emphasized Samara’s dedication to keeping Bitcoin for the long haul and their conviction in technology as a vital force propelling human progress.
In Samara AG, a company publicly traded on the stock market, we’re planning to raise up to €30 million by selling bonds. This money will be used to invest in innovative tech projects through managers and builders, as well as to expand our Bitcoin holdings. We are firm believers that technology is key to human progress and are committed ‘HODL’ers’, holding onto our investments for the long term!” he stated.
In reaction to the news item about X, Lowry expressed: “For quite some time, Samara AG has been holding onto Bitcoin, and now we are expanding our Bitcoin reserves and investing in innovative technology by collaborating with leading managers and developers. I’m not sure it can be achieved, but it would be wonderful if we could accumulate as much as @saylor does.
In response to a query from a user regarding the hurdles involved in providing bonds for European corporations, Lowry disclosed that the bond issuance at Samara AG marks their initial attempt, and this particular type of bond offering is unprecedented in Europe. He noted that he would provide updates on its progress over the following weeks based on feedback received.
At press time, BTC traded at $64,922.
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2024-10-14 23:11