Strive’s Bitcoin Bond ETF Targets MicroStrategy: $56B Corporate Bitcoin Surge

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Strive, the company founded by Vivek Ramaswamy, is getting into Bitcoin.

A December 26 filing shows Strive is launching the Bitcoin Bond ETF, an actively managed exchange-traded fund that will invest in convertible bonds of companies that are heavy into Bitcoin like MicroStrategy.

MicroStrategy, the first company to get into corporate Bitcoin, has put $27 billion into Bitcoin since 2020. With convertible bond proceeds, the company has made Bitcoin a central treasury asset. Now other corporate treasuries have $56 billion of Bitcoin, a growing market.

The Strive ETF will invest in these “Bitcoin Bonds,” convertible securities used to buy Bitcoin. Beyond bonds, the ETF may also use derivatives like swaps and options.

The MicroStrategy Effect

MicroStrategy’s Bitcoin strategy has made its stock go up 2,200% and beat many large caps. The company’s approach combines equity offerings and convertible bonds to get more Bitcoin.

MicroStrategy’s Bitcoin investments:

  • $27 billion since 2020.

  • Stock performance: Beat large-cap tech stocks, except Nvidia.

  • Treasury model: Inspired other corporate treasuries around the world.

By going into this niche, Strive’s ETF will benefit from the growing demand for Bitcoin related securities.

Broader Implications for Bitcoin ETFs

Strive isn’t the only one exploring Bitcoin funds. Bitwise just filed for the Bitcoin Standard Corporations ETF. This fund will invest in publicly traded companies that hold at least 1,000 Bitcoin in their reserves, so liquidity and stability.

The eligibility criteria for the Bitwise ETF are:

  • 1,000 Bitcoin in corporate treasury.

  • $100 million market cap or more.

  • $1 million daily liquidity.

With pro-crypto policies gaining traction, including potential moves under the Trump administration, experts expect faster ETF approvals. Vivek Ramaswamy, a billionaire and Trump ally, is riding this wave with Strive.

This is a bigger trend: corporate Bitcoin is changing traditional investment products. Strive’s Bitcoin Bond ETF is Ramaswamy’s vision and the growing acceptance of Bitcoin as a mainstream financial asset.

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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