Public company Samara Asset Group plans to issue bonds worth up to €30 million to increase its Bitcoin reserves. The asset management firm has tasked Pareto Securities with organizing investor meetings to sell senior secured bonds.

JUST IN: 🇩🇪 German publicly traded company Samara AG to issue €30 million in bonds to buy #Bitcoin and stake in funds. pic.twitter.com/ETZHhbpi4t
— Bitcoin Magazine (@BitcoinMagazine) October 14, 2024

The raised funds will be used to expand a diversified portfolio, including investments in funds and increasing Bitcoin positions, which Samara uses as its primary reserve asset.

Management Statements

Patrick Lowry, CEO of Samara, stated that the company has long held Bitcoin and now plans to increase its holdings.

“I’m not sure if it’s possible, but it would be a dream to accumulate as much as Michael Saylor has,” said Lowry.

It is worth noting that in September, MicroStrategy acquired 7,420 BTC, bringing its reserves to 252,220 Bitcoin.

“We are excited about the prospect of issuing these bonds and look forward to using the proceeds to acquire more Bitcoin,” added Lowry.

On October 14, Samara’s stock rose by 7%.

Bond Issuance Terms

The bonds will be guaranteed by a special legal entity, Samara Asset Holdings Ltd., and the minimum subscription amount will be €100,000.

Target: 1000 BTC

Currently, Samara holds 421 BTC, and Lowry hopes to increase this number to 1,000 coins by the end of the year, depending on the success of the bond issuance.

Company History and Structure

Samara, based in Malta, was founded in 2018 by Mike Novogratz (CEO of Galaxy Digital), Apeiron Investment Group, and the family office of Christian Angermayer. The company was previously known as Cryptology Asset Group.

Samara is listed on the German stock exchange Xetra, with assets valued at €189 million as of June. The company owns shares in Northern Data, DeutscheDigital Assets, and Nextmarkets.