PANews reported on October 14 that according to CoinDesk, investment company Samara Asset Group plans to issue up to 30 million euros (about 32.78 million U.S. dollars) in bonds, aiming to increase Bitcoin reserves and expand its investment portfolio. The bond issuance will be managed by Pareto Securities, and the bonds will be listed on the Oslo and Frankfurt Stock Exchanges, with a minimum subscription amount of 100,000 euros.
The company plans to use the proceeds from the bonds to buy shares in alternative investment funds and increase its Bitcoin holdings. Samara CEO Patrik Lowry said this would further strengthen the company's balance sheet and diversify investments into emerging technology sectors. Bitcoin is currently Samara's main treasury reserve asset.
