Samara Asset Group Issues Debt to Buy More Bitcoin

Publicly-listed asset management firm Samara Asset Group is aiming to boost its Bitcoin holdings using proceeds from a €30 million ($32.8 million) bond issuance. Announced on October 14, Samara revealed that investment bank Pareto Securities would be leading fixed investor meetings to discuss the potential multi-million euro bond, which is intended to expand the firm’s investment portfolio. Samara stated that “an up to €30 million senior secured Nordic bond may follow subject to, inter alia, market conditions.” Proceeds from the bond would be directed toward “additional limited partnership stakes” and investments in Bitcoin, which the firm considers its “primary treasury