Deutsche Börse-listed asset manager Samara Asset Group plans to issue up to 33 million euros in bonds to expand its Bitcoin reserves.
Who is Samara Asset Group?
Samara Asset Group is a technology-driven alternative asset management company. Co-founded in 2018 by the family office of well-known Bitcoin advocate Mike Novogratz, Apeiron Investment Group and Christian Angermayer, it is headquartered in Malta and listed on the German electronic stock exchange Xetra. The company's main businesses include:
Invest in emerging managers and innovative builders
Bitcoin holdings
The portfolio includes Bitcoin infrastructure companies such as miner Northern Data, Bitcoin company NYDIG and others
Will issue 30 million euros in bonds to buy Bitcoin
According to its press release, Samara Asset Group expects to issue up to 30 million euros of senior guaranteed Nordic bonds to expand Samara’s diversified investment portfolio and increase its position in Bitcoin, which Samara uses as a Main treasury reserve assets. The minimum subscription and allocation amount for the private placement of the bonds is €100,000.
CEO Patrick Lowry said:
We will diversify into emerging technologies and further expand and strengthen our balance sheet. Since Bitcoin is our primary treasury reserve asset, we also use bond proceeds to enhance our liquidity.
Samara owns 421 Bitcoins
Samara Asset Group currently owns 421 Bitcoins, and CEO Patrick Lowry said he hopes to increase that to 1,000 next year.
And its co-founder Mike Novogratz’s cryptocurrency investment company Galaxy Digital has also been increasing its Bitcoin holdings. Galaxy currently holds 3,283 Bitcoins, according to blockchain analytics firm Arkham Intelligence
This article German listed asset management company Samara Asset Group issues bonds to buy Bitcoin first appeared on Chain News ABMedia.
