Publicly-listed asset management firm Samara Asset Group is working to increase its Bitcoin holdings using proceeds from a 30 million euro ($32.8 million) bond.
Announcing the news on Oct. 14, Samara stated that it had mandated the investment bank Pareto Securities as the sole manager to arrange a series of fixed investor meetings regarding a potential multi-million euro bond to expand its investment portfolio.
Source: Patrick Lowry
“An up to 30 million euro senior secured Nordic bond may follow subject to, inter alia, market conditions,” the firm stated. The bond’s proceeds will be used for “additional limited partnership stakes” and investments in Bitcoin (BTC), which the firm uses as a “primary treasury reserve asset.”
According to Samara CEO Patrick Lowry, the asset manager has been hodling Bitcoin “for years” and is now increasing its Bitcoin treasury and investing in “disruptive tech through top managers and builders.”
“Not sure it’s possible, but it’d be a dream to stack as much as Michael Saylor,” Lowry remarked.
This is a developing story, and further information will be added as it becomes available.
