Stock price data from exchanges where Samara Asset Group and MicroStrategy are listed

Samara Asset Group to Issue €30M Bond to Expand Bitcoin Holdings, Shares Surge 15%

Oct 14, 2024, 11:07 AM

Samara Asset Group, a publicly-listed German company, has announced plans to issue up to €30 million ($32.8 million) in senior secured Nordic bonds to expand its Bitcoin holdings. The bond issuance will be managed by Pareto Securities and will be listed on the Oslo and Frankfurt exchanges with a minimum subscription of €100,000. Samara Asset Group aims to use the proceeds to increase its Bitcoin treasury, following a strategy similar to that of MicroStrategy. CEO Patrick Lowry expressed aspirations to match the Bitcoin holdings of Michael Saylor. Following the announcement, Samara Asset Group shares surged 15%.