According to a report by CoinDesk, Samara Asset Group (SRAG), a listed investment company, is set to issue bonds worth up to 30 million euros ($32.78 million) to be used for the acquisition of alternative investment funds and increasing its Bitcoin (BTC) holdings. The bonds will be listed on the Oslo and Frankfurt stock exchanges, with a minimum subscription requirement of 100,000 euros.
Formerly known as Cryptology Asset Group, Samara was founded in 2018 by digital asset investment company Galaxy Digital’s founder Mike Novogratz, 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 to organize several fixed income investor conferences. The bonds will be secured senior Nordic bonds, and the proceeds will be used to expand Samara’s diversified investment portfolio, including purchasing additional shares of alternative investment funds and increasing its Bitcoin holdings.
In its press release, Samara stated that it uses Bitcoin as its primary financial reserve asset. Patrik Lowry, CEO of Samara, emphasized the importance of the bonds, stating: