German publicly traded investment business Samara Asset Group proposes to issue senior secured Nordic bonds to fund up to €30 million ($32.8 million). The startup wants to beat Michael Saylor's MicroStrategy by extending its investment portfolio and Bitcoin holdings with the cash round.
Buy Bitcoin With $32.8 Million In Bonds
The business has exclusively contracted Pareto Securities to organize fixed-income investor meetings. Market circumstances permitting, the bond issue will be listed on the Oslo and Frankfurt Stock Exchanges' unregulated markets. The minimum private placement subscription and allocation is €100,000.
Samara Asset Group p.l.c. will issue the bond, with a newly constituted SPV, Samara Asset Holdings Ltd., as the guarantee. This structure uses the flexible and investor-friendly Nordic bond framework.
The company stated in its press release that the bond proceeds will be used to acquire more limited partnership stakes in alternative investment funds and increase Samara's position in Bitcoin, its primary treasury reserve asset.
Patrick Lowry, CEO of Samara Asset Group, said, “We are excited by the prospect of placing this bond and look forward to using the proceeds to acquire more Bitcoin and continue to seed the world's best emerging managers. As we diversify into new technologies via fresh fund investments, Samara will strengthen its financial sheet. Bond revenues boost our liquidity with Bitcoin as our principal treasury reserve asset.
Samara's Advisory Committee member Christian Angermayer said: “Our mission at Samara is to seed the world's best managers and builders to drive humanity forward through innovation. With this fresh dry powder, we are delighted to invest in and engage with the architects of tomorrow's most breakthrough innovations and increase our Bitcoin position.”
“Publicly listed Samara AG is issuing up to €30 million in bonds to invest in innovative tech through managers and builders and increase our Bitcoin treasury! We always HODL and think technology advances mankind, he said.
In reaction to X news, Lowry said, “We at Samara AG have HODL’d for years and are now increasing our Bitcoin treasury and investing in disruptive tech through top managers and builders. Perhaps impossible, but stacking as much as saylor would be a dream.”
When challenged by X users about the obstacles of providing bonds for European firms, Lowry said this is Samara AG's first bond sale and the first of its kind in Europe. “I’ll let you know how it goes in the coming weeks based on feedback,” he said.
