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
âAn up to 30 million euro senior secured Nordic bond may follow subject to, inter alia, market conditions,â the firm stated. The bondâs proceeds will be used for âadditional limited partnership stakesâ and investments in Bitcoin (BTC), which the firm uses as a âprimary treasury reserve asset.â
According to Samara CEO Patrick Lowry, the asset manager has been hodling Bitcoin âfor yearsâ and is now increasing its Bitcoin treasury and investing in âdisruptive tech through top managers and builders.â
âNot sure itâs possible, but itâd be a dream to stack as much as Michael Saylor,â Lowry remarked.
This is a developing story, and further information will be added as it becomes available.