German investment firm Samara Asset Group (AG) has revealed plans to expand its Bitcoin (BTC) portfolio. Relaying the company’s latest decision to the public, Patrick Lowry, the Chief Executive Officer (CEO) at Samara AG, noted that the investment firm will achieve its aim by issuing €30 million ($32.8 million) in bonds.
“We are excited by the prospect of placing this Bond and look forward to using the proceeds to acquire more Bitcoin and continue to seed the world’s best-emerging managers,” Lowry added.
Samara AG Aims to Attain MicroStrategy Feat
While renowned investment firm Microstrategy is on the verge of becoming the “Largest Bitcoin bank,” Samara AG’s CEO hinted his company could follow in similar footsteps. Interestingly, part of the CEO’s words describing his interest in achieving MicroStrategy’s level went thus: “It would be a dream to stack as much as Michael Saylor’s firm.”
Meanwhile, rather than merely imitating MicroStrategy, Samara AG hopes to stand out among other minor digital agencies. Consequently, it will attract traders with significant investment funds, making it one of the top choices for trading adventures.
Is Samara AG Enroute To A Profitable Investment?
Following recent market trends, it is apparent that the price movement of digital currencies has recovered considerably. Bitcoin, being the key determinant of market flows, portrays promising signals. Its trading price has finally risen above $65,000. Interestingly, Bitcoin’s 24-hour trading volume experienced a 67% upshoot, hitting the $27.29 billion mark after weeks of intense struggles.
Meanwhile, at the time of writing, the flagship crypto is changing hands at about $66,350, reflecting a 5.9% upswing in the past 24 hours. Within the same timeframe, BTC fluctuated between $62,464.59 – $66,485.71, underscoring a significant recovery in just a day.
Following its remarkable selling price increment, Bitcoin’s market capitalization saw a tremendous leap, bringing its valuation to about $1.3 trillion. In summary, BTC’s market actions testify that Samara AG’s investment decision is already massively paying off.
