Samara Asset Group plc
SRAG🇲🇹Leveraged
Malta-incorporated, Germany-listed investment holding company focused on venture capital, alternative investment funds, and Bitcoin as a primary treasury reserve asset. Issued Europe's first Bitcoin Bond in Nov 2024, raising EUR 20M to acquire BTC and fund investments.
BTC Holdings
39 BTC
Insufficient history
Stock PriceUpdated 15h ago
€2.30▼ 0.86%
180d
Total financing
20.00M EUR
180d
mNAV
85.46x▼ 0.74%
180d
Leverage
728.4%
180d
BTC Risk
94.10%0.1x
Sats/Share
43
180d
Mkt cap
210.28M EUR
Shares
91.42M
Fiat reserve
2.08M EUR
Total reserve
4.54M EUR
Dilution
0.0%
Coverage
1.3 yr
Analytics
BTC Coverage
FinancialsUnverified
IFRSAnnualAs of 2025-12-31
Balance Sheet
Total Assets€239.2M▼16.8%
Total Liabilities€37.4M▼28.7%
Stockholders' Equity€201.9M▼14.1%
Cash & Equivalents€2.1M▲2.3%
Total Debt€19.8M▼57.2%
Digital Assets€24.8M▼44.4%
Income Statement
Revenue€12M▲13.8%
Operating Income€7.9M▲45.3%
Net Income€4.9M▲138.8%
Interest Expense€3M▼6.5%
Cash Flow
Operating Cash Flow€-695K▼121.7%
Instruments
| Instrument | Term | Coupon | Principal | Outstanding | BTC Rating |
|---|---|---|---|---|---|
| SRAG-Nov29 | Nov '24 – Nov '29 | 9.656% | 20.00M EUR | 20.00M EUR | 0.1x |
| Total | 20.00M EUR | ||||
Recent Changes
Wed, Dec 31, 2025
BTC Holdings
87→39-48 BTC(-55.2%)
Estimated from BTC fair value EUR 2.9M (chart) / BTC USD price 87,500 (bullet) ÷ EUR/USD 1.17 ≈ EUR 74,786 per BTC. Cost basis EUR 3.5M, depreciation -EUR 0.6M. Unaudited; awaiting FY2025 audited financials.
Quarterly Corporate Presentation (March 2026, unaudited as of 31 Dec 2025)Debt OutstandingRepaymentSRAG-BkLn
15.3M→0-15.3M(-100.0%)
Third-party bank loans fully repaid during H2 2025 (FY2024 €15.9M non-current → H1 2025 €15.3M total → FY2025 €0). Unaudited.
Quarterly Corporate Presentation (March 2026, unaudited as of 31 Dec 2025)Fiat Reserve
2.2M→2.1M-80.9K(-3.7%)EUR
Unaudited. Bank overdraft = 0 at 31 Dec 2025 (cash flow statement) so balance-sheet figure = end-of-period cash.
Quarterly Corporate Presentation (March 2026, unaudited as of 31 Dec 2025)