The German listed company Samara Asset Group will issue 30 million euros in bonds to purchase Bitcoin and fund shares
ChainCatcher news, according to Bitcoin Magazine, the German listed company Samara Asset Group will issue a bond of 30 million euros to purchase Bitcoin and fund shares.
The bond issuance will be managed by Pareto Securities, and the bonds will be listed on the Oslo and Frankfurt stock exchanges, with a minimum subscription amount of 100,000 euros.
The company plans to use the bond proceeds to purchase shares in alternative investment funds and increase its Bitcoin holdings. Samara CEO Patrik Lowry stated that this will further strengthen the company's balance sheet and diversify investments in emerging technology sectors. Bitcoin is currently the main treasury reserve asset for Samara.
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