Official press release from Strive Asset Management or major financial news outlets

Strive Asset Management, Founded by Vivek Ramaswamy, Files for Bitcoin Bond ETF with SEC to Invest in MicroStrategy Convertible Bonds

Dec 26, 2024, 07:56 PM

Strive Asset Management, founded by Vivek Ramaswamy, has filed a registration statement with the Securities and Exchange Commission (SEC) for a new investment vehicle termed the 'Bitcoin Bond ETF.' This ETF aims to primarily invest in convertible bonds issued by MicroStrategy ($MSTR), which the company utilizes to finance its Bitcoin purchases. The filing indicates a strategy to provide investors with exposure to convertible securities from companies holding Bitcoin treasuries, including MicroStrategy and others such as SMLR, KULR, MARA, and RIOT. The registration is currently not effective, and further details about the fund are expected to be released soon.