According to a report by CoinDesk, the listed investment company Samara Asset Group (SRAG) will issue bonds of up to 30 million euros (32.78 million US dollars), with the proceeds to be used for the acquisition of alternative investment funds and increasing its holdings of Bitcoin (BTC). The bonds will be listed on the Oslo and Frankfurt stock exchanges, with a minimum subscription requirement of 100,000 euros.
Samara, formerly known as Cryptology Asset Group, was co-founded in 2018 by the digital asset investment company Galaxy Digital’s founder Mike Novogratz, Apeiron Investment Group, and entrepreneur Christian Angermayer’s family office. Samara is headquartered in Malta and listed on the Xetra electronic stock exchange in Germany.
Samara has appointed Pareto Securities as the sole manager, organizing several fixed income investor meetings. The bonds will be senior secured Nordic bonds, with the proceeds to be used to expand Samara’s diversified investment portfolio, including purchasing additional shares in alternative investment funds and increasing its holdings in Bitcoin.
The company’s press release states that it uses Bitcoin as its primary financial reserve asset. Samara CEO Patrik Lowry emphasized the importance of the bonds, writing:
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