Malta-based Samara Asset Group (formerly Cryptology Asset Group) has unveiled its plan to issue a €30 million bond to finance Bitcoin purchases and investments in cryptocurrency funds. The company has appointed Pareto Securities as the Sole Manager to organize investor meetings for the bond issuance.
Samara AG’s Bitcoin Strategy
Co-founded by Christian Angermayer (through Apeiron Investment Group) and crypto veteran Mike Novogratz, Samara AG’s CEO Patrick Lowry aims to use the bond proceeds to enhance its Bitcoin holdings and acquire stakes in alternative investment funds. The company already utilizes Bitcoin as its main treasury asset, and Lowry emphasized their continued commitment to acquiring more Bitcoin and investing in emerging fund managers.
Bond Issuance Details
- Value: €30 million ($32.8 million)
- Listed on: Oslo and Frankfurt Stock Exchanges
- Minimum investment: €100,000 ($109,288)
Institutional Adoption Trend
Samara AG’s approach mirrors that of MicroStrategy, known for its significant Bitcoin investments. Like MicroStrategy, Samara plans to use corporate bonds to purchase Bitcoin, positioning it as a long-term store of value. This bond issuance is part of a growing trend of institutional Bitcoin adoption, as other firms like Metaplanet have also been increasing their Bitcoin holdings.
The success of Samara’s bond issuance could encourage other corporations to view Bitcoin as a valuable treasury asset and investment, impacting both the corporate and cryptocurrency sectors.