A German publicly traded investment firm is set to raise up to €30 million (about $32.8 million) through the issuance of senior secured Nordic bonds.
This capital will be primarily used to enhance the firm’s Bitcoin holdings and broaden its investment portfolio, potentially positioning it as a competitor to MicroStrategy.
To oversee the bond issuance, the firm has engaged Pareto Securities to conduct meetings with fixed-income investors. The bonds, contingent on market conditions, are expected to be listed on unregulated markets in Oslo and Frankfurt, requiring a minimum investment of €100,000.
The issuance will involve a special-purpose vehicle that will act as the bond’s guarantor, allowing for a more flexible and investor-friendly approach typical of the Nordic bond market.
The firm aims to use the proceeds to invest in alternative funds and expand its Bitcoin treasury, which it considers a key asset for its reserves.
The CEO expressed enthusiasm about the bond’s potential, highlighting the strategy to acquire more Bitcoin while backing emerging market managers. This fundraising effort is also intended to strengthen the company’s financial position and liquidity.
A member of the Advisory Committee echoed this sentiment, stating that the additional funds would facilitate investments in innovative technologies and bolster Bitcoin holdings.
On social media, the CEO discussed the commitment to long-term Bitcoin investment and the goal of driving innovation through strategic funding. He also mentioned that this marks the firm’s first bond issuance, pioneering a new type in Europe, and promised updates based on feedback received during the process.
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