Samara Asset Group (SRAG:GR) has announced plans to issue a senior secured Nordic bond of up to €30 million, aimed at expanding its portfolio through investments in alternative funds and bolstering its Bitcoin holdings. This move comes as part of Samara’s broader strategy to diversify and enhance its financial position, with Bitcoin serving as its primary treasury asset.
Samara is a Malta-based alternative asset manager with a focus on deep-tech investments, particularly in Bitcoin infrastructure and related technologies. Formerly known as Cryptology Asset Group, it has transitioned from being primarily a holding company into a fully operational asset management platform. The firm actively invests in emerging technologies and strategies that leverage Bitcoin’s potential.
Samara is publicly listed on several German exchanges, including Börse Düsseldorf and Xetra, which helps to increase trading liquidity. Despite its significant connections to Germany, it is based in Malta. The company has notable backing, including co-founders such as Christian Angermayer’s family office, Apeiron Investment Group, and well-known crypto figure Mike Novogratz.
The bond, to be issued by Samara Asset Group p.l.c., will be backed by Samara Asset Holdings Ltd., a newly formed entity that will act as a guarantor. The company plans to list the bond on unregulated markets in Oslo and Frankfurt, targeting high-value investors with a minimum subscription requirement of €100,000.
CEO Patrick Lowry noted that the proceeds from the bond would further reinforce Samara’s balance sheet and support its continued investment in emerging technologies:
“We 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’s 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, we also enhance our liquidity position with bond proceeds.“
Advisory Committee member Christian Angermayer emphasized the group’s focus on driving innovation by supporting forward-thinking managers and projects with a vision of advancing technological progress:
“Our mission at Samara is to drive humanity forward through innovation by seeding the world’s best managers and builders. With this new dry powder, we are excited to invest in and partner with the builders of tomorrow’s most disruptive technologies and grow our Bitcoin position.“
According to data by Bloomberg, on Germany’s Xetra, as of 10:41 a.m. UTC on October 14, Samara shares were trading at 2.04 euros, up 6.81% on the day.
Featured Image via Pixabay