Sameer Group LLC Ramps Up Crypto Investment with $30M+ Commitment to Solana Memecoin $MICHI
Dubai, UAE – September 27, 2024 – Sameer Group LLC, a Dubai-based venture capital firm with over $300 million in assets under management (AUM), announced its strategic decision to increase its exposure to cryptocurrency by committing between $30 and $35 million to the Solana-based memecoin $MICHI. The investment, set to begin in October 2024, will follow a dollar-cost averaging (DCA) strategy, mitigating risk while allowing for a gradual build-up of its position.
This move highlights Sameer Group’s growing interest in the digital asset space and its belief in the potential of blockchain projects built on high-efficiency platforms like Solana.
Strategic Venture into $MICHI
Sameer Group’s decision to back $MICHI stems from the memecoin’s rapidly expanding community and its technological fou...