German-listed asset management company Samara Asset Group issues bonds to buy Bitcoin

Samara Asset Group, an asset management company listed on the German stock exchange, 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 prominent Bitcoin advocate Mike Novogratz, Apeiron Investment Group, and Christian Angermayer's family office, it is headquartered in Malta and listed on the German electronic securities exchange Xetra. The company's main activities include:

• Investing in emerging managers and innovative builders
• Holding Bitcoin
• Investing in a portfolio of Bitcoin infrastructure companies such as mining firm Northern Data and Bitcoin company NYDIG

Issuing €30 Million Bonds to Purchase Bitcoin

According to their press release, Samara Asset Group plans to issue up to €30 million in senior secured Nordic bonds to expand its diversified investment portfolio and enhance its position in Bitcoin, using Bitcoin as the primary treasury reserve asset. The minimum subscription and allocation amount for the private placement of the bonds is €100,000.

CEO Patrick Lowry stated:

We are diversifying into emerging technologies to further expand and solidify our balance sheet. As Bitcoin is our primary treasury reserve asset, we are also enhancing our liquidity with bond proceeds.

Samara Holds 421 Bitcoins

Samara Asset Group currently holds 421 Bitcoins, and CEO Patrick Lowry expressed the goal of increasing it to 1,000 Bitcoins by next year.

Meanwhile, co-founder Mike Novogratz's cryptocurrency investment firm Galaxy Digital has been steadily increasing its Bitcoin holdings. According to blockchain analysis company Arkham Intelligence, Galaxy currently holds 3,283 Bitcoins.