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