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Malta investment firm adopts MicroStrategy's Bitcoin strategy

Malta investment firm adopts MicroStrategy's Bitcoin strategy

GrafaGrafa2024/10/16 08:00
By:Isaac Francis

Samara Asset Group, a Malta-based investment firm, plans to issue a $32.6 million bond to expand its Bitcoin (CRYPTO:BTC) holdings, adopting a strategy similar to Microstrategy's. 

Co-founded by Galaxy Digital CEO Mike Novogratz, Samara's mission is to empower shareholders by investing in disruptive companies and the growth of the Bitcoin ecosystem.

The company’s decision to issue the bond follows the approach pioneered by Michael Saylor’s Microstrategy, where companies raise capital through debt to invest in Bitcoin as a primary reserve asset. 

According to Samara, the bond issuance will seek up to 30 million euros ($32.6 million) and is planned to be listed on unregulated markets at the Oslo and Frankfurt stock exchanges. 

The minimum subscription and allocation for the bond will be 100,000 euros ($108,868).

Patrick Lowry, a co-founder of Deutsche Digital Assets and part of Samara’s leadership, expressed enthusiasm about the bond, stating it would allow the company to invest in emerging asset managers and increase its Bitcoin reserves. 

He emphasized, “With Bitcoin as our primary treasury reserve asset, we also enhance our liquidity position with bond proceeds.” 

The move reflects Samara’s ongoing efforts to diversify into new technologies and support innovation in the tech and crypto sectors.

The initiative aligns with a broader trend among companies globally, including Japan-based Metaplanet and U.S.-based Semler Scientific, which have also adopted Bitcoin-focused purchasing strategies. 

Samara’s intent to expand its Bitcoin holdings reinforces its commitment to the digital asset, with co-founder Christian Angermayer highlighting that they aim to support "the builders of tomorrow’s most disruptive technologies."

Samara’s strategy of using Bitcoin as a reserve asset follows an increasing trend of companies investing in cryptocurrency to strengthen their financial positioning and support long-term growth. 

By issuing this bond, the company looks to deepen its engagement with the crypto ecosystem while supporting tech-focused ventures, offering investors a chance to participate in the evolving landscape of digital finance.

At the time of writing, the Bitcoin (BTC) price was $67,026.84.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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