Samara Asset Group today announced plans to issue up to €30 million in senior secured Nordic bonds (the “Bond”) to increase its Bitcoin holdings and further diversify its investment portfolio.
Mandating Pareto Securities as the Sole Manager to arrange a series of fixed-income investor meetings, the company is capitalizing on the opportunity to strengthen its position in digital assets, particularly Bitcoin, which serves as its primary treasury reserve asset.
Where will the Nordic Bonds be Used?
Samara plans to increase its Bitcoin reserves and purchase more limited partnership holdings in alternative investment funds with the profits from the Bond.
Samara’s dedication to both conventional investing diversification and a daring wager on the future of digital assets is highlighted by this dual focus. The bond issuance, pending market conditions, marks a significant step for the company in aligning with emerging technologies and asset management strategies.
The Bond will be issued by Samara Asset Group p.l.c., with Samara Asset Holdings Ltd., a newly formed special purpose vehicle (SPV), acting as the guarantor and pledged in favour of the Bond.
It is intended to be listed on the unregulated market of the Oslo and Frankfurt Stock Exchanges. The private placement requires a minimum subscription and allocation amount of €100,000.00, positioning it as a key opportunity for institutional investors.
Samara’s CEO Expresses His Trust Over Bitcoin
Samara’s CEO, Patrick Lowry, expressed excitement over the bond initiative, stating, “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.”
He noted that the bond proceeds will further diversify Samara’s holdings and enhance its liquidity, enabling the company to continue investing in promising technologies.
Christian Angermayer, a member of Samara’s Advisory Committee, shared his enthusiasm, saying, “Our mission at Samara is to drive humanity forward through innovation by seeding the world’s best managers and builders. With this new dry powder, we are excited to invest in and partner with the builders of tomorrow’s most disruptive technologies and grow our Bitcoin position.”
Samara Asset Group leverages its robust balance sheet to support emerging asset managers and cutting-edge innovations. With Bitcoin as its primary treasury reserve asset, Samara is committed to advancing humanity through investment in digital assets and disruptive technologies, striving for outsized, risk-adjusted returns.
Through its digital asset management platform, Samara Alpha Management, the company supports under-the-radar managers and pioneers in the space.