Samara Asset Group to Issue $32.8 Million Bond to Boost Bitcoin Holdings

Samara Asset Group plans to issue a €30 million ($32.8 million) bond through Pareto Securities to enhance its Bitcoin reserves and diversify its investment portfolio.

In a press release on October 14, the investment firm announced its intention to acquire additional stakes in alternative investment funds alongside increasing its Bitcoin holdings. Pareto Securities has been appointed to manage the bond issuance and will conduct a series of fixed-income investor meetings for the senior secured Nordic bond. The bond will be listed on the unregulated Oslo and Frankfurt stock exchanges, with a minimum subscription requirement of €100,000.

Patrick Lowry, CEO of Samara Asset Group, emphasized that Bitcoin serves as the firm’s primary treasury reserve asset. He expressed enthusiasm about using the bond proceeds to acquire more Bitcoin. “The proceeds will allow Samara to further expand and solidify its already robust balance sheet while diversifying into new emerging technologies through new fund investments,” said Lowry.

In a recent post on X (formerly Twitter), Lowry reiterated that the publicly-listed firm aims to invest in innovative technologies through strategic partnerships and to grow its Bitcoin treasury. “We are forever HODL’ers and believe technology best drives humanity forward!” he stated.

Lowry also expressed a desire for Samara to eventually hold as much Bitcoin as MicroStrategy, the largest corporate Bitcoin holder in the U.S., which has over $458 million in BTC reserves. Following the announcement, Samara Asset Group’s share price rose more than 6% to €2.04, according to Bloomberg data.

Christian Angermayer, a member of Samara’s Advisory Committee, highlighted the firm’s mission to drive innovation by “seeding the world’s best managers and builders.” He noted that the new capital will enable them to invest in and partner with those developing tomorrow’s most disruptive technologies while expanding their Bitcoin position.