{"id":173066,"date":"2024-10-14T12:32:38","date_gmt":"2024-10-14T12:32:38","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=173066"},"modified":"2024-10-14T12:32:41","modified_gmt":"2024-10-14T12:32:41","slug":"samara-asset-group-to-use-e30m-bond-for-bitcoin-holdings-expansion","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/samara-asset-group-to-use-e30m-bond-for-bitcoin-holdings-expansion\/","title":{"rendered":"Samara Asset Group to Use \u20ac30M Bond for Bitcoin Holdings Expansion"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Samara Asset Group<\/span><\/strong><span data-preserver-spaces=\"true\"> plans to issue a \u20ac30 million bond to expand its Bitcoin holdings and diversify its investment portfolio.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">The bond will be listed on the Oslo and Frankfurt stock exchanges, with proceeds used to acquire stakes in alternative investment funds and increase Bitcoin positions.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">The company\u2019s share price rose over 6% following the announcement, reflecting investor confidence in its strategic direction.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">Samara Asset Group<\/span><\/strong><span data-preserver-spaces=\"true\">, a publicly listed investment firm, <\/span><strong><span data-preserver-spaces=\"true\">has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.samara-ag.com\/market-insights\/samara-asset-group-to-issue-up-to-eu30-million-in-a-nordic-bond-to-acquire-lp-stakes-in-funds-and-grow-its-bitcoin-treasury\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">announced <\/span><\/a><span data-preserver-spaces=\"true\">plans to issue a \u20ac30 million <\/span><\/strong><span data-preserver-spaces=\"true\">($32.78 million)<\/span><strong><span data-preserver-spaces=\"true\"> bond to expand its <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/cryptocurrencies\/bitcoin-news\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Bitcoin<\/span><\/a><span data-preserver-spaces=\"true\"> holdings<\/span><\/strong><span data-preserver-spaces=\"true\"> and diversify its investment portfolio. This strategic move underscores the company\u2019s commitment to Bitcoin as a primary treasury reserve asset.<\/span><!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">At publicly-listed <a href=\"https:\/\/twitter.com\/Samara_AG_?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@Samara_AG_<\/a>, we are issuing up to \u20ac30 million in Bonds to invest in innovative tech through managers and builders, and to increase our <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Bitcoin<\/a> treasury!<\/p>\n<p>We are forever <a href=\"https:\/\/twitter.com\/hashtag\/HODL?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#HODL<\/a>&#39;ers and believe technology best drives humanity forward!<a href=\"https:\/\/t.co\/50BMOmSv2n\" target=\"_blank\">https:\/\/t.co\/50BMOmSv2n<\/a><\/p>\n<p>&mdash; Patrick Lowry (@Patrick_Lowry_) <a href=\"https:\/\/twitter.com\/Patrick_Lowry_\/status\/1845737954825605245?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 14, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Bond Details and Purpose<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The bond,<\/span><\/strong><span data-preserver-spaces=\"true\"> which will be listed on both the Oslo and Frankfurt stock exchanges, <\/span><strong><span data-preserver-spaces=\"true\">has a minimum subscription requirement of \u20ac100,000<\/span><\/strong><span data-preserver-spaces=\"true\"> ($109,000). Samara Asset Group has mandated Pareto Securities as the sole manager to organize multiple fixed-income investor meetings. <\/span><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The proceeds from this bond will be used to acquire additional stakes in alternative investment funds<\/span><\/strong><span data-preserver-spaces=\"true\"> and increase the company\u2019s <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/the-value-of-bitcoin-everything-you-need-to-know\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Bitcoin<\/span><\/a><span data-preserver-spaces=\"true\"> position. Patrick Lowry, CEO of Samara Asset Group, emphasized the importance of this bond issuance. <\/span><\/p>\n<blockquote>\n<p style=\"text-align: center\"><span data-preserver-spaces=\"true\">\u201cThe proceeds will allow Samara to further expand and solidify its already robust balance sheet as we diversify into new emerging technologies through new fund investments. With Bitcoin as our primary treasury reserve asset, we also enhance our liquidity position with bond proceeds,\u201d <\/span><span data-preserver-spaces=\"true\">Lowry stated. <\/span><\/p>\n<\/blockquote>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">He also expressed his ambition to significantly increase Samara\u2019s Bitcoin holdings, aiming to hold 1,000 BTC by the end of the year.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-173071\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/SamaraAssetGroupBTC.jpg\" alt=\"Samara Asset Group to Use \u20ac30M Bond for Bitcoin Holdings Expansion\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/SamaraAssetGroupBTC.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/SamaraAssetGroupBTC-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/SamaraAssetGroupBTC-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Market Impact and Samara Asset Group\u2019s Future Plans<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">Samara Asset Group\u2019s share price saw a notable increase of over 6%<\/span><\/strong><span data-preserver-spaces=\"true\"> following the announcement, reflecting investor confidence in the company\u2019s strategic direction. <\/span><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The firm currently has exposure to around 421 BTC and plans to use the bond proceeds to bolster this position.<\/span><\/strong><span data-preserver-spaces=\"true\"> Lowry remarked on the company\u2019s long-term vision, stating, \u201cWe are forever #HODL\u2019ers and believe technology best drives humanity forward!\u201d<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Broader Implications<\/span><\/h2>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">This move by Samara Asset Group highlights a growing trend among institutional investors to incorporate Bitcoin into their portfolios as a hedge against traditional financial market volatility. <\/span><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The company\u2019s commitment to Bitcoin<\/span><\/strong><span data-preserver-spaces=\"true\"> and emerging technologies <\/span><strong><span data-preserver-spaces=\"true\">positions it as a forward-thinking player<\/span><\/strong><span data-preserver-spaces=\"true\"> in the investment landscape. As the bond issuance progresses, it will be interesting to see how Samara\u2019s increased Bitcoin holdings influence its overall investment strategy and market performance.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Samara Asset Group plans to issue a \u20ac30 million bond to expand its Bitcoin holdings and diversify its investment portfolio. The bond will be listed on the Oslo and Frankfurt stock exchanges, with proceeds used to acquire stakes in alternative investment funds and increase Bitcoin positions. The company\u2019s share price rose over 6% following &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Samara Asset Group to Use \u20ac30M Bond for Bitcoin Holdings Expansion\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/samara-asset-group-to-use-e30m-bond-for-bitcoin-holdings-expansion\/#more-173066\" aria-label=\"More on Samara Asset Group to Use \u20ac30M Bond for Bitcoin Holdings Expansion\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":173072,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[4602,5536,4727],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/173066"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=173066"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/173066\/revisions"}],"predecessor-version":[{"id":173074,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/173066\/revisions\/173074"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/173072"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=173066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=173066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=173066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}