카지노 후기 사이트 Archives；카지노사이트킴 Bitcoin & Cryptocurrency News Today Tue, 15 Oct 2024 02:08:11 +0000 en-US hourly 1 //wordpress.org/?v=6.6.2 //shenyangcang.com/wp-content/uploads/2024/05/cropped-favicon-2.png?fit=32%2C32 온라인 홀덤 카지노 사이트 순위 추천；TOP5 무료 가이드 32 32 221170450 카지노사이트 제왕카지노；바카라사이트；카지노사이트킴 //shenyangcang.com/bitcoin-news/samara-asset-group-eyes-32-8-million-bond-issuance-to-increase-bitcoin-holdings/ Tue, 15 Oct 2024 05:30:00 +0000 //shenyangcang.com/?p=647915 In an October 14 announcement, Malta-based Samara Asset Group revealed plans to increase its Bitcoin (BTC) holdings through proceeds from a $32.8 million bond issuance.

Samara Targets 1,000 Bitcoin Milestone

Publicly-listed asset management firm Samara announced it had mandated investment bank Pareto Securities as a sole manager to schedule a series of fixed-income investor meetings to potentially issue up to a â‚?0 million or $32.8 million Nordic bond. Notably, the proceeds from the bond issuance will be utilized toward expanding Samara’s existing investment portfolio by acquiring additional limited partnership stakes in alternative investment funds. Additionally, the funds raised will help Samara boost its Bitcoin holdings. The firm confirmed it uses BTC as its “primary treasury reserve asset,” and currently holds “around 421 BTC,” according to CEO Patrick Lowry. Commenting on the development, Lowry said:
The proceeds will allow Samara to further expand and solidify its already robust balance sheet as we diversify into new emerging technologies through new fund investments. With Bitcoin as our primary treasury reserve asset, we also enhance our liquidity position with bond proceeds.
He added that Samara has been holding BTC “for yearsâ€?and aims to increase its reserves while investing in disruptive technology. Lowry also mentioned that, while it may be challenging, it would “be a dream to stack as much as Michael Saylor,” CEO of MicroStrategy.

According to data from CoinGecko, MicroStrategy leads the global list of publicly traded companies purchasing BTC for their corporate treasury. As of October 14, MicroStrategy holds more than 252,000 BTC or approximately 1.2% of the total circulating supply.

Saylor has also been quite vocal about sharing ambitious Bitcoin price targets. In September 2024, the MicroStrategy CEO predicted that BTC could soar to as high as $13 million by 2045.

BTC Remains The Preferred Digital Asset Ahead Of ETH, SOL

Despite the rapid advancements in smart contract ecosystems like Ethereum (ETH) and Solana (SOL), Bitcoin remains the dominant choice for companies as part of their treasury management strategy. Several factors contribute to Bitcoin’s dominance in institutional adoption. For instance, the US Securities and Exchange Commission’s (SEC) approval of Bitcoin exchange-traded funds (ETFs) has further cemented BTC as a reliable digital asset with regulatory clarity.

Although Ethereum ETFs have also received regulatory approval, the second-largest cryptocurrency by market cap has not seen the same level of institutional adoption in corporate balance sheets.

In related news, Japan’s Metaplanet has also been working toward bolstering its Bitcoin reserves. In September 2024, the early-stage investment firm stated it had bought an additional $2 million worth of BTC. Bitcoin trades at $65,995 at press time, up 6.1% in the last 24 hours.

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