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Samara Asset Group is planning to increase its Bitcoin investments via a bond worth 30 million euros ($32.8 million), in collaboration with investment bank Pareto Securities. The fund raised will augment Samara’s portfolio, enabling the purchase of more limited partnership stakes and Bitcoin investments. CEO Patrick Lowry stated that the company has been banking on Bitcoin for several years and now aims to expand its investments.

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The asset management group, Samara Asset Group, plans to boost its Bitcoin investments using funds from a bond that’s worth 30 million euro ($32.8 million). Samara announced on October 14 that it’ll be partnering with investment bank Pareto Securities to arrange meetings with various investors about a possible multi-million euro bond. This bond will help increase Samara’s investment portfolio.

The company mentioned that the bond, valued up to 30 million euros, could be used to purchase more limited partnership stakes and invest in Bitcoin. Bitcoin is their primary treasury reserve asset.

The CEO of Samara, Patrick Lowry, mentioned that the company has been holding on to Bitcoin for years. They’ll now be investing more into Bitcoin, as well as in groundbreaking technology with leading managers and builders. Lowry even joked about hoping to obtain as much Bitcoin as Michael Saylor. More updates will be provided as the story continues to unfold.

Source: Cointelegraph