Samara to Issue a €30M Nordic Bond to Buy (More) Bitcoin for Our Treasury

I’m super excited about today’s newsletter because I have some big news to share from my company, Samara Asset Group.

On Monday, we announced that we’re looking to issue a €30 million Nordic Bond, of which the proceeds will be used to expand Samara’s diversified investment portfolio by acquiring additional LP stakes in alternative investment funds and increase our position in Bitcoin, which Samara is using as our primary treasury reserve asset.

What does that mean in plain and simple English?

We’re taking a page out of Michael Saylor’s playbook, issuing debt to buy more Bitcoin for our balance sheet because we believe that Bitcoin is one of the most disruptive and important technologies ever created, and we want our shareholders to benefit from that! 

At Samara, we’re buying (more) Bitcoin for our treasury  🚀

If you’ve been following MicroStrategy for a while, you may have noticed that its founder and chairman, Michael Saylor, is super bullish on Bitcoin. 

In March 2020, he realized that holding onto cash reserves and near-cash assets on the balance sheet isn’t the right move (anymore), especially in light of the money printing taking place at that time, plus the subsequent high inflation on the horizon. 

His instinct was proven right. 

He searched for an alternative asset to protect his company and shareholders long-term.

This naturally led him to Bitcoin.

In August 2020, he started buying BTC as a strategic reserve asset. 

To say that this worked is an understatement. 🚀

MicroStrategy has been outperforming the S&P 500 since August 2020, and the stock just soared to a 24-year high earlier this week.

What Saylor does is issue convertible notes and use that money to buy Bitcoin for the company. 

Essentially, he turns worthless fiat into the hardest asset on earth and uses it as a protective hedge for the future. 

This move is now known as the MicroStrategy Bitcoin Strategy and is a playbook Saylor urges every public CEO to follow. 

That’s exactly what I want to do at Samara Asset Group. 

As the company's CEO, my job is to create shareholder value and safeguard the company's future using Bitcoin and other strategic investments.  

We’ve already been buying as much Bitcoin as possible, but now we’re looking to raise capital through a Nordic Bond to buy even more Bitcoin and allocate capital towards LP stakes in alternate investment funds.  

We currently hold 421 BTC, and my goal is to reach 1,000 BTC within a year. 

This will not only strengthen our already robust balance sheet but also enable our shareholders to take advantage of even more opportunities in the future. 

I’ll keep you posted about the stages of our Bitcoin purchases on X.  

HBO claims to have found out who Satoshi Nakamoto is  🤔 

OK, here we go again. 

Yet again, someone claims to have found out who Satoshi Nakamoto is. 

In case you didn’t know, this has happened several times in the past. For example, when Newsweek claimed a 64-year-old man named Satoshi Nakamoto was the mysterious creator of Bitcoin.

The poor guy, who had lived a humble life until this point, was bombarded by reporters asking where he stored his coins and why he had disappeared. 

What was the claim Newsweek made that this has to be the guy? He has the same name and used to be a programmer and mathematician. 

I’m not joking; this and some of his whereabouts in the early cypherpunk movement led them to believe he must be Satoshi. 

To say they did a poor job was an understatement. Newsweek quickly became the laughingstock of the Bitcoin community for years to come.

And this wasn’t the only time. 

A few people have also come out to claim that they’re Satoshi but never provided any proof. I won’t even name them here because they don’t deserve the attention. 

However, the last few years have been quieter on that front… 

…until now. 

HBO released a documentary called Money Electric, which presented new “evidence” and suggested a new candidate. 

Before spoiling the ending—sorry in advance—I want to address a few points in the documentary. 

Overall, it was a very interesting documentary that covered the history of Bitcoin, including the cyperpunk movement, so it I’d say it’s a good watch for people new to Bitcoin. 

But then, it went into trying to discover who Satoshi really was. 

If you want to watch the documentary and not have me spoil the “surprise,” you should stop reading here. 

SPOILER ALERT! 

If you’re not planning on watching it and just want to know who they’re proposing Satoshi could be, let me tell you.

Based on rather shaky “evidence,” Cullen Hoback, the documentary’s creator and main interviewer, came to the conclusion that well-known Bitcoin developer Peter Todd could be Satoshi. 

Hoback’s main claim is that Peter must be Satoshi, as he responded to Satoshi on the Bitcoin Talk forum similarly to how Satoshi usually replies. 

Apparently, that was enough for him to say he must be Satoshi. 

I’m not convinced. 

And neither is the Bitcoin community. 

And, oh yeah, Peter Todd denied it immediately. 

Overall, the entire thing felt incredibly rushed in the end. 

It was almost as if HBO mandated Hoback to have an answer as to who Satoshi is, and Peter Todd seemed to be the most prominent name to throw in the mix. 

At this point, the media is fascinated with Satoshi Nakamoto. They want to understand who discovered the biggest game changer since the Internet. 

But Satoshi left for a reason, mainly because he didn’t want to be scrutinized once Bitcoin took off, which was also addressed in the documentary. 

We don’t need to know who they are because it doesn’t matter.

Now, we are all Satoshi. 🧡

Your fellow stacker in sats, 

Patrick Lowry

PS: In case you’ve noticed that the newsletter looked a little different today. That’s because I’ve moved Proof of Words from Substack to Beehiiv. I’ve heard good things about Beehiiv as a newsletter distribution platform, so I’m testing it out.