Patrick

Bitcoin

Million

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<ul class="wp-block-list news-points">
 <li>Samara AG will issue $32 million in bonds and will buy Bitcoin.</li>
 <li>The company will also seek exposure to alternative investment funds.</li>
 <li>Samara AG uses Bitcoin as its primary treasury asset.</li>
</ul>
Samara AG, a publicly traded German asset management company, has announced plans to buy more Bitcoin (BTC) by issuing €30 million (around $32 million) in Nordic bonds. The company already uses Bitcoin as its main treasury asset.
According to the <a href="https://www.marketscreener.com/quote/stock/SAMARA-ASSET-GROUP-PLC-114067286/news/Samara-Asset-to-Issue-up-to-30-Million-in-a-Nordic-Bond-to-Acquire-LP-Stakes-in-Funds-and-Grow-48065622/" target="_blank" rel="noopener noreferrer nofollow">announcement</a>, up to $32 million in bonds will be issued and the funds will be used to “expand Samara’s diversified investment portfolio” using Bitcoin and “stakes in alternative investment funds.”
The newly created Samara Asset Holdings Ltd. will guarantee the bond, which will be listed on the unregulated markets of the Oslo and Frankfurt Stock Exchanges. The minimum investment amount is €100,000 (about $109,288).
Patrick Lowry, CEO of Samara AG, said the company will use the funds to “acquire more Bitcoin and continue to seed the world’s best emerging managers.” Under Lowry’s leadership, the company has decided to go all-in on Bitcoin and gain exposure to the crypto industry.
Lowry added that the proceeds will h…
The post <a href="https://coinedition.com/german-asset-manager-to-issue-32-million-in-bonds-to-buy-more-bitcoin/" rel="noopener noreferrer nofollow">German Asset Manager To Issue $32 Million in Bonds to Buy More Bitcoin</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

German Asset Manager To Issue $32 Million in Bonds to Buy More Bitcoin

Coin Edition

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