The Gold Bug Caught Holding ‘Digital Gold’

Peter Chef built a profession on Bitcoin’s irony. Al -Mubdari director and the director of explicit funds mocked in 2019, “Continue the dream. Bitcoin will not reach $ 100,000!”¹. For Chef, the largest encrypted currency in the world was only “digital gold” – a speculative bubble presented to the pop, or as it was placed in 2023, “I am still going to scratch … just traveling to a long road.”². However, in the development of a paradox with the paradox, recent disclosure reveals that the arm of a chef’s asset management has calmly gained exposure to bitcoin backed bonds late last year. In other words, the man who was equal to Bitcoin with Hania Tulip now finds that his company is inadvertently investing in a bond supported by the assets he liked to hate.

Bitcoin Association no one expects

The tool concerned is the bond of the Treasury at the Bitcoin issued by the Samara Asset Group PLC group, publicly circulating European assets (previously known as the encryption assets group). In November 2024, Samara succeeded in issuing what you call “the first bitcoin bonds in Europe”, which collected 20 million euros to expand its wallet and increase the treasury possessions in Bitcoin significantly.³ Bond (ISIN: No0013364398) was organized as a valuable elderly observation for a period of 5 years that ripen in 2029, providing a large annual voucher 10.062 %.⁴ In addition, the bond includes an innovative incentive: bond holders receive an additional 0.25 % installment on the manager for each 0.25 euros in the net asset value (NAV) per share, and closely agreed on the interests of bond owners with shareholders.

Patrick Laurie, the CEO of Samara, described the edition enthusiastically, noting that it was “the first time in history, a European company that took a page from” Michael Saylor Playbook “, and it explicitly exports a bond with the intention of obtaining Bitcoin.”⁵ In fact, within weeks of the release of bonds, Samara used the revenues to buy approximately 76 BTC for its treasury and invested in many project boxes that focus on encryption.⁶

Bond’s Backstory reads like pure missile fuel for Bitcoin institutional fans. It was announced in October 2024 amid the high BTC prices, the Samara Bitcoin bonds were designed to benefit from Bitcoin as a strategic treasury reserve. Samara put it as a profitable proposal for both sides: Investors will enjoy a high return paired alongside the NAV additional upward trend, while Samara can allocate capital in Bitcoin and Pioneering Tech Investments.⁷ By early November, the bonds have successfully closed their own position at 20 million euros (minimum investment ticket: 100,000 euros), and it is expected to be publicly listed for trading in the exchange of Oslo and Frankfurt within a week to two weeks.⁸ It is worth noting that these bonds are guaranteed through an excessive portfolio on the tour that includes a basket of 150 million euros of Samara’s investments, which were securely secured within the guarantor SPV-which is characterized by a loan rate to a loan of approximately 13.3 %.⁹

No one has doubted that bond holders would be among the amputation of chef in the Pacific Ocean.

Bitcoin’s hidden betting from Europe Pacific

Enter the international bond fund, EUROPAC, which is a global box of bond color manager by Euro Pacific Asset Management – the company that was founded and supported by Peter Chef¹⁰. Chef, as a member of the consultant, has formed an Euro Pacific strategy for a long time about his macro views (difficult money, doubt in the US dollar, and rapprochement between golden and foreign bonds)¹¹. The EUROPAC International Bond Fund usually carries a mixture of sovereign debt and companies from all over the world, and is in line with the Schiff’s thesis that non -American assets can protect it from the dollar¹². It is the last place that one expects to find anything Related to Bitcoin. But this is exactly what appeared when the SEC files were published for the box this year.

In the Fund’s N-Port P model (SEC submission is mandatory for governor’s holdings) that covers late 2024, a curious line element appears: “The Samara Asset Group PLC”-which was identified by the same ISIN (No0013364398) from Bitcoin Bond’s Samara.¹³. The deposit shows the Europac bond fund at 800,000 euros of the main value of the Samara Bitcoin bonds, which are estimated at about $ 870,000, as of the date of reports¹⁴. This position represents about 1.58 % of the net assets of the box¹⁵. In more pronounced phrases, the pioneering bond box for Peter Chef became an financier of a baccalaureate institution, even when Chef spent himself 2024 in Bitcoin’s loud strikes.

In order to be clear, this holding is likely to be a small specialization driven by the fund managers (the Schiff’s team includes Jim Nelson, CFA and Steve Kleckner, Caia¹⁶). From the point of view of the bond investor, the Samara voucher could have been 10 %+ to obtain a 5-year note-which was postponed by a group of technical investments and bitcoin reserves-as an attractive opportunity for the high return. In fact, the Europac International Bond Bond Fund had to search for income in international markets, and the increasing interest rates in 2024, making coupons of two numbers tempting. Most likely, this was a strategic bet on a strong return, not ideological on the face. But intentionally or not, the paradox is great: chef boxes indirectly stumbled on Bitcoin’s success. If Bitcoin flourishes and enhances the financing of Samara, the Europac bonds will be safer and benefits are safer. On the contrary, bitcoin crashes will weaken the source of europac money on it.

Purpishing, hypocrisy, or just work?

This revelation-that Peter Chef, the bow infection of Bitcoin, has an indirect exposure to Bitcoin through the investments of his company-it is likely to raise both entertainment and vital discussion within the Bitcoin community and encryption. Looking at the well -known Chef’s position, it is easy to anticipate the inevitable jokes: Can it be a “SATS” chef in secret? Will Bitcoin and Crypto Twitter soon have a field day indicating a paradox of Chef unintentionally supporting bitcoin?

For years, Chef brilliantly Bitcoin as “no fundamental value” and has repeatedly expected her inevitable collapse. Even when Bitcoin crossed $ 100,000 in December, the Schiff refused the teacher, and ordered that it happened only because of “the purchase of politicians and joining the government”, and insisted that it be prepared soon, he would end.¹⁷.

While Chef himself may not have participated directly in the decision to purchase Samara Bitcoin bonds – allocations often reflect practical return strategies by box managers instead of ideological transformations – the symbolic effect is still important. Bitcoin, Schiff’s decentralized assets have never promised not to own it, and now quietly form part of his company’s portfolio, confirming how the market incentives can exceed deep beliefs.

Ultimately, this exclusive discovery highlights a broader narration: Bitcoin’s attractiveness in traditional financing has become so strong that most of his frank critics can find themselves indirectly in line with his success.

When it meets the ideology of reality

This highlights a wider fact in today’s markets. With Bitcoin maturity and complementary global financing, it is unclear lines and is forced to exotic Bedfellows roles. We have seen large banks that were once avoiding Bitcoin’s nursery, and the hedge box who later gave Bitcoin A Scam to customize it later. But Peter Chef’s case is the most ridiculous so far – the golden insect that unintentionally supports Bitcoin is one in history books. It shows that pragmatism often wins: if a bitcoin -related tool can provide returns, even the box led by the largest rejectionist in Bitcoin that you will buy.

For the crowd that flourishes Bitcoin, there is a sweet satisfaction in seeing the Nawa Chef’s anti -BTC nuclei quietly. It reinforces the M, that “Bitcoin does not care” – will eventually turn anyone, be good, or otherwise.

In order to be fair, a bitcoin is still a chef as it was always in his general comment. But the facts speak for themselves: thanks to the property of the International Bond Fund in the Europac, Peter Chef has now exposed to the biotic bitcoin (and the negative aspect) through Samara bonds¹⁸. The next time it tweets about Bitcoin’s work, Hodles can be smiling with the knowledge that even SCHFF products, in a circular way, are associated with the fate of digital gold.

End comments:

1. Peter Chef quoted in Cryptopotato: “Continue the dream. Bitcoin will not reach $ 100,000!” September 30, 2019, Cryptopotato.
2. Peter Chef quoted in Encryption: Bitcoin described as “Gold’s Gold’s Digital” and “You will still go to scratch … just travel to a long road”, March 26, 2023, Encryption.
3. SAMARA Asset Group: “Bitcoin Bond First in Europe”, December 6, 2024, Samara Asset Group.
4. Samara Bitcoin Bonds details: a 5 -year guaranteed note, 10.062 % annual voucher, ISIN No0013364398, Internal business markets.
5. Patrick Lori (SAMARA CEO): The first European company uses “Michael Saylor Playbook”, December 6, 2024, Samara Asset Group.
6. Samara Asset Group has invested bond returns in 76 BTC and investment funds, December 2024, Samara Asset Group.
7. Samara Bitcoin Sanad designed to take advantage of Bitcoin as Treasury Reserves, October 2024, Samara Asset Group.
8. The SAMARA Bond mode (20 million euros), listed in Oslo and Frankfurt, November 2024, has been closed. Samara Asset Group; Internal business markets.
9. Samara bond guarantees details: an overloaded portfolio of 150 million euros, 13.3 % LTV, November 2024, Samara Asset Group.
10. Euro Pacific Asset Management, run by Peter Chef, Fund Facts Journalist, September 30, 2024, EPC Advisors Group.
11. Better Chef’s total economy strategy for Euro Pacific, September 2024, EPC Advisors Group.
12. Investment thesis at the Europac International Fund Fund, September 30, 2024, EPC Advisors Group.
13. Secome (Form N-Port P), Europac Fund Holding Samara Bitcoin Bond, December 2024, Publicnow.
14. The Europac Fund has 800,000 euros in Samara Bitcoin Bond, worth $ 870,000, December 2024, Publicnow.
15. Europac Holding in Samara Bond represents 1.58 % of net assets, December 2024, Publicnow.
16. EURPAC FUND: Jim Nelson (CFA), Steve Kleckner (Caia), September 2024, EPC Advisors Group.
17. SCHFEF reaction tweet to Bitcoin up to $ 100,000, December 2024, To gasoline.

EUROPAC FUND indirect exposure from Bitcoin is confirmed via Samara Bond Holding, December 2024, Publicnow.