German Firm Samara AG to Raise €30 Million for Bitcoin and Fund Stakes

German publicly traded company Samara AG has announced plans to issue €30 million in bonds. The funds will be used to purchase Bitcoin and acquire stakes in various investment funds.

Samara AG, listed on the Frankfurt Stock Exchange under the ticker SRAG:GR, has mandated Pareto Securities as the sole manager to arrange a series of fixed-income investor meetings. The senior secured Nordic bond issuance is subject to market conditions and is expected to be listed on the unregulated markets of the Oslo and Frankfurt Stock Exchanges.

At publicly-listed @Samara_AG_, we are issuing up to €30 million in Bonds to invest in innovative tech through managers and builders, and to increase our #Bitcoin treasury!

We are forever #HODL'ers and believe technology best drives humanity forward!https://t.co/50BMOmSv2n

— Patrick Lowry (@Patrick_Lowry_) October 14, 2024

The proceeds from this bond issuance will significantly bolster Samara’s investment portfolio. The company aims to enhance its Bitcoin treasury, which it uses as its primary reserve asset, and to acquire additional limited partnership stakes in alternative investment funds. This strategic move underscores Samara’s commitment to diversifying its investments and embracing 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,” said Patrick Lowry, CEO of Samara AG. “The proceeds will allow Samara to expand further 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”.

Christian Angermayer, a Samara’s Advisory Committee member, added, “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”.

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