Samara Asset Group, a German investment firm, plans to raise up to €30 million ($32.8 million) through a senior secured Nordic bond issuance.
The capital raise aims to expand the company's investment portfolio and significantly increase its Bitcoin holdings to potentially rival MicroStrategy.
Pareto Securities is mandated as the sole manager to arrange the bond issuance, which will be listed on the unregulated markets of Oslo and Frankfurt Stock Exchanges.
The bond proceeds will be used to acquire additional limited partnership stakes in investment funds and increase Samara's position in Bitcoin as its primary treasury reserve asset.