A publicly traded German investment company is set to raise up to €30 million (approximately $32.8 million) by issuing secured bonds from the Scandinavian region.
The raised capital will primarily be used to increase their holdings in Bitcoin and expand their investment portfolio, potentially positioning the company as a competitor to MicroStrategy. To manage the bond issuance, Samara Asset Group has engaged Pareto Securities, which will host meetings with fixed-income investors. The bonds, depending on market conditions, are expected to be listed on unregulated markets in Oslo and Frankfurt, with a minimum investment requirement of €100,000.
The issuance will involve a special purpose vehicle acting as a bond guarantor, enabling a flexible, investor-friendly approach, common in the Scandinavian bond market. The company aims to use the proceeds to invest in alternative funds and expand its BTC portfolio, which it considers a key asset for its reserves.
The CEO expressed excitement about the bonds’ potential, emphasizing the strategy to acquire more Bitcoin while supporting emerging market managers. This fundraising effort also aims to strengthen the company’s financial position and liquidity.
A member of the Advisory Committee echoed this sentiment, stating that the additional funds would facilitate investments in innovative technologies and bolster their Bitcoin holdings.
On social media, the CEO discussed the company’s commitment to long-term Bitcoin investments and the goal of fostering innovation through strategic funding. He also mentioned that this is Samara Asset Group’s first bond issuance, promising updates based on feedback received during the process.