Want to buy MicroStrategy Convertible Bonds? Strive launches an ETF specifically for purchasing BTC issuance convertible bonds

Strive Asset Management, co-founded by Vivek Ramaswamy and Anson Frericks, has submitted an application to the United States Securities and Exchange Commission (SEC) for the Strive BTC Bond ETF. This ETF will track convertible bonds issued for the purchase of BTC, essentially a MicroStrategy convertible bond ETF.

Asset management company Strive founded by Vivek Ramaswamy

Strive Asset Management is an asset management company founded in 2022, headquartered in Ohio, USA. It was co-founded by Vivek Ramaswamy and Anson Frericks.

According to Morningstar, Strive currently manages 14 funds with a total AUM of approximately $1.725 billion, and their fund fees are relatively low, demonstrating their commitment to maximizing investor returns.

BTC bond ETF tracking convertible bond with micro strategy

Strive BTC Bond ETF is an actively managed ETF that invests in its assets through derivative products, including swaps and options, to obtain convertible bonds issued by MicroStrategy or others for the purpose of purchasing BTC.

Under normal circumstances, at least 80% of the nominal risk positions of the fund (through securities and financial instruments) will be invested in BTC bonds. This includes convertible bonds, preferred stocks, convertible preferred stocks, and so on.

Strive pointed out the long-term investment risks brought by the global sovereign debt crisis, inflation, and geopolitical tensions, and believes that long-term investment in BTC can hedge these risks. Ordinary Americans and institutional investors should have a meaningful core allocation of BTC economy in their investment portfolios, including direct ownership of BTC, allocation of BTC bonds, and investment in companies focused on BTC.

MicroStrategy recently announced the convening of a special shareholders’ meeting, aimed at accelerating the 21/21 plan, simplifying fund raising, and key proposals to align director compensation with the company’s BTC strategy, including a substantial increase in the issuance of common A shares and preferred shares.

(MicroStrategy is holding an extraordinary shareholders’ meeting, planning to increase its share capital by 22 times to ensure the implementation of the BTC strategy)

As MicroStrategy Convertible Bond ETF is only available for professional investors, the issuance of this ETF also provides alternative investment channels for general investors.

Want to buy MicroStrategy convertible bonds? Strive launches ETF for purchasing BTC-issuing convertible bonds, first appeared on Chain News ABMedia.