{"id":1125,"date":"2024-10-14T20:01:59","date_gmt":"2024-10-14T20:01:59","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1125"},"modified":"2024-10-14T20:01:59","modified_gmt":"2024-10-14T20:01:59","slug":"listed-german-company-raises-32-8-million-for-bitcoin-aims-to-rival-saylor","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1125","title":{"rendered":"Listed German Company Raises $32.8 Million For Bitcoin, Aims To Rival Saylor"},"content":{"rendered":"
\n

Samara Asset Group, a publicly listed German investment firm, has announced plans to raise up to \u20ac30 million ($32.8 million) through a senior secured Nordic bond issuance. The capital raise is aimed at expanding the company\u2019s investment portfolio and significantly increasing its Bitcoin holdings, positioning it to potentially rival Michael Saylor\u2019s MicroStrategy<\/a>.<\/p>\n

$32.8 Million In Bonds To Buy Bitcoin<\/h2>\n

The company has mandated Pareto Securities as the sole manager to arrange a series of fixed-income investor meetings. The bond issuance, subject to market conditions, is intended to be listed on the unregulated markets of the Oslo and Frankfurt Stock Exchanges. The private placement requires a minimum subscription and allocation amount of \u20ac100,000.<\/p>\n

The bond will be issued by Samara Asset Group p.l.c., with a newly formed special-purpose vehicle (SPV), Samara Asset Holdings Ltd., pledged in favor of the bond and acting as the guarantor. This structure leverages the Nordic bond framework, which is known for its flexibility and investor-friendly terms.<\/p>\n

\u201cThe proceeds from the bond are intended to expand Samara\u2019s diversified investment portfolio by acquiring additional limited partnership stakes in alternative investment funds, as well as increase its position in Bitcoin, which Samara uses as its primary treasury reserve asset,\u201d the company stated in its official press release<\/a>.<\/p>\n

Patrick Lowry, CEO of Samara Asset Group, expressed enthusiasm about the bond issuance: \u201cWe 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\u2019s best emerging managers. The 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<\/a>, we also enhance our liquidity position with bond proceeds.\u201d<\/p>\n

Christian Angermayer, a member of Samara\u2019s Advisory Committee, added: \u201cOur mission at Samara is to drive humanity forward through innovation by seeding the world\u2019s best managers and builders. With this new dry powder, we are excited to invest in and partner with the builders of tomorrow\u2019s most disruptive technologies and grow our Bitcoin position.\u201d<\/p>\n

The German MicroStrategy<\/h2>\n

Taking to X (formerly Twitter), Patrick Lowry shared the company\u2019s aspirations to invest in innovative technology and increase its Bitcoin treasury through the bond issuance. He reaffirmed Samara\u2019s commitment to holding Bitcoin long-term and its belief in technology as a key driver for advancing humanity.<\/p>\n

\u201cAt publicly listed Samara AG, we are issuing up to \u20ac30 million in bonds to invest in innovative tech through managers and builders, and to increase our Bitcoin treasury! We are forever HODL\u2019ers and believe technology best drives humanity forward!\u201d he remarked<\/a>.<\/p>\n

In response to a news report on X, Lowry stated<\/a>: \u201cWe at Samara AG have HODL\u2019d for years and are now increasing our Bitcoin treasury and investing in disruptive tech through top managers and builders. Not sure it\u2019s possible, but it\u2019d be a dream to stack as much as @saylor.\u201d<\/p>\n

When asked by a user on X about the challenges of offering bonds<\/a> for European corporations, Lowry revealed that this is the first ever bond issuance at Samara AG, and the first of this specific type ever in Europe. \u201cI\u2019ll let you know how it goes in the coming weeks based on feedback,\u201d he remarked.<\/p>\n

At press time, BTC traded at $64,922.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

Samara Asset Group, a publicly listed German investment firm, has announced plans to raise up to \u20ac30 million ($32.8 million) through a senior secured Nordic bond issuance. The capital raise is aimed at expanding the company\u2019s investment portfolio and significantly increasing its Bitcoin holdings, positioning it to potentially rival Michael Saylor\u2019s MicroStrategy. $32.8 Million In […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1125","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1125"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1125\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}