Bitcoin

Million

Samara Asset Group (SRAG) is set to issue a bond worth up to €30 million ($32.78 million) to boost its Bitcoin holdings and expand its investments in alternative funds. The bond will be listed on both the Oslo and Frankfurt stock exchanges, with a minimum subscription of €100,000 ($109,000). 
<a href="https://www.samara-ag.com/market-insights/samara-asset-group-to-issue-up-to-eu30-million-in-a-nordic-bond-to-acquire-lp-stakes-in-funds-and-grow-its-bitcoin-treasury" rel="nofollow noopener" target="_blank">Samara’s bond</a> will be a senior secured Nordic bond, and the proceeds will be used to strengthen the company’s already diversified portfolio. This includes purchasing additional stakes in alternative investment funds and increasing its<a href="https://crypto.ro/en/cryptocurrencies/bitcoin/"> Bitcoin (BTC)</a> reserves. Bitcoin serves as the primary treasury reserve asset for Samara, reflecting the company’s belief in the long-term value of the cryptocurrency. 
The bond will be issued by Samara Asset Group p.l.c., while Samara Asset Holdings Ltd., a special purpose vehicle (SPV), will act as the guarantor. To manage the bond offering and related investor meetings, Samara has appointed Pareto Securities as the sole manager. 
CEO Patrik Lowry stressed the significance of the bond, stating that it will allow Samara to further solidify its balance sheet and expand into emerging technologies. “With Bitcoin as our primary treasury reserve asset, we also enhance our liquidity position with bond proceeds,” Lowry remarked. 
On social media platform X, Lowry reaffirmed the company’s commitment to long-term Bitcoin holding, commenting, “We are forever #HODL’ers and believe technology best drives humanity forward!” 
Following the bond announcement, Samara Asset Group’s share price increased by over 6%, reaching €2.04 on Monday. 
<img loading="lazy" decoding="async" class="size-full wp-image-51672 alignnone" src="https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-14_13-20-47.jpg" alt="photo 2024 10 14 13 20 47" width="1280" height="420" title="Samara Asset Group to Issue €30 Million Bond to Expand Bitcoin Holdings and Investment Portfolio 38" srcset="https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-14_13-20-47.jpg 1280w, https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-14_13-20-47-300x98.jpg 300w, https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-14_13-20-47-1024x336.jpg 1024w, https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-14_13-20-47-768x252.jpg 768w, https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-14_13-20-47-750x246.jpg 750w, https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-14_13-20-47-1140x374.jpg 1140w" sizes="(max-width: 1280px) 100vw, 1280px">

Samara Asset Group to Issue €30 Million Bond to Expand Bitcoin Holdings and Investment Portfolio

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