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 European alternative asset management company Samara Asset Group has announced plans to expand its Bitcoin treasury through a&nbsp; €30 million ($32.8 million) bond issuance. 
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CEO Patrick Lowry revealed this in an<a href="https://x.com/Patrick_Lowry_/status/1845737954825605245" rel="noopener noreferrer nofollow"> X post</a> on October 14, 2024.
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 At publicly-listed <a href="https://twitter.com/Samara_AG_?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Samara_AG_</a>, we are issuing up to €30 million in Bonds to invest in innovative tech through managers and builders, and to increase our <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> treasury!
 We are forever <a href="https://twitter.com/hashtag/HODL?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#HODL</a>‘ers and believe technology best drives humanity forward!<a href="https://t.co/50BMOmSv2n" rel="noopener noreferrer nofollow">https://t.co/50BMOmSv2n</a>
 — Patrick Lowry (@Patrick_Lowry_) <a href="https://twitter.com/Patrick_Lowry_/status/1845737954825605245?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 14, 2024</a>
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The bond proceeds are also expected to enable Samara to support emerging asset managers and expand its digital asset management platform. The company noted that it prioritizes Bitcoin as a primary treasury reserve asset to enhance liquidity. Lowry has<a style="color: #0000ff;" href="https://x.com/Patrick_Lowry_/status/1845755509875376377" rel="noopener noreferrer nofollow"> expressed</a> his hope for Samara to eventually accumulate as much Bitcoin as Microstrategy, the leading corporate bitcoin holder in the U.S., which currently possesses over $458 million worth of the cryptocurrency.
Meanwhile, Japanese investment firm Metaplanet, another company that recently made Bitcoin its primary treasury asset in May, recently<a style="color: #0000ff;" href="https://defi-planet.com/2024/10/metaplanet-expands-its-bitcoin-holdings-to-640-btc-as-shares-surge-11-2/" rel="noopener noreferrer nofollow"> expanded</a> its holdings to nearly 640 BTC, with a total of 639.5 BTC valued at approximately $40.5 million. This expansion followed the acquisition of 108.78 BTC on October 7, leading to a share price surge of over 11% to 1,047 Japanese yen (about $7).
Notably, following the announcement, Samara Asset Group’s stock price surged by over 6% to €2.04 based on Bloomberg’s<a style="color: #0000ff;" href="https://www.bloomberg.com/quote/SRAG:GR" rel="noopener noreferrer nofollow"> data</a>.
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The post <a href="https://defi-planet.com/2024/10/samara-asset-group-plans-e30m-bond-issuance-to-expand-bitcoin-treasury-and-boost-liquidity/" rel="noopener noreferrer nofollow">Samara Asset Group Plans €30M Bond Issuance to Expand Bitcoin Treasury and Boost Liquidity</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Samara Asset Group Plans €30M Bond Issuance to Expand Bitcoin Treasury and Boost Liquidity

DeFi Planet

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