Samara AG, a publicly traded asset management firm based in Germany, has revealed plans to raise €30 million (approximately $32 million) through the issuance of Nordic bonds. The company, which already holds Bitcoin (BTC) as its primary treasury asset, intends to use the proceeds to expand its Bitcoin holdings and diversify its investment portfolio.
According to the announcement, the bonds will be issued through Samara Asset Holdings Ltd. and listed on the unregulated markets of the Oslo and Frankfurt Stock Exchanges. The minimum investment for the bonds is set at €100,000 (around $109,288), targeting institutional investors and high-net-worth individuals.
During a recent interview, Samara AG CEO Patrick Lowry commented that the company needed the money to buy more Bitcoin and expand investments in other fund types. Lowry continued to say that under his direction, Samara plans to expand its operations in the crypto sphere, where Bitcoin would be fundamental.
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Strengthening the Balance Sheet with Bitcoin
Lowry also pointed out that embracing Bitcoin as the main treasury reserve asset replenished the company’s liquidity and bolstered Samara’s balance sheet. He also said that the money from the bonds would strengthen the liquidity position and assist the company in carrying out the practice of investing in new and promising managers active in the investment market.
This aligns with Samara’s strategic plan to expand its reach in the advanced crypto market. Samara plans to expand its Bitcoin investment feature as a core investment approach in its financial model to bolster its existing position while exploring the possibilities of growth in the Bitcoin market.
Samara’s decision to issue bonds to raise funds is perfect, considering the institutional interest in Bitcoin has been rising in recent years. Samara joins the growing number of companies that use cryptocurrency as an essential component of their investment portfolios and reflects the emergence of new financial instruments in the classical financial market.
In conclusion, Samara AG’s latest move demonstrates its commitment to Bitcoin and alternative investments as it seeks to expand and solidify its position in the rapidly evolving financial landscape.
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Maxwell Mutuma
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. He writes extensively on topics such as blockchain, cryptocurrency, tokens, and more for top publications such as Coingape, Coin Edition, and The Coin Republic. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.