Strive 申請比特幣債券 ETF，追蹤為購買比特幣而發行的可轉換債券

比特幣債券 ETF 的概念是有利可圖的，因為它提供了間接接觸 MicroStrategy 的比特幣收購收益的機會。

Asset management firm Strive, founded by Vivek Ramaswamy, has filed an application with the SEC on December 26 to launch an ETF that will invest in convertible bonds issued by MicroStrategy and other companies that use the money to buy Bitcoin.

由 Vivek Ramaswamy 創立的資產管理公司 Strive 已於 12 月 26 日向 SEC 提交申請，推出一隻 ETF，該 ETF 將投資於 MicroStrategy 和其他使用這筆資金購買比特幣的公司發行的可轉換債券。

According to the filing, the ETF will give investors exposure to “Bitcoin Bonds,” which are convertible securities that are issued by companies like MicroStrategy that use the money to buy Bitcoin.

根據文件，該 ETF 將為投資者提供「比特幣債券」的投資機會，這些債券是由 MicroStrategy 等公司發行的可轉換證券，這些公司用這些資金購買比特幣。

Strive will actively manage the ETF, investing directly in these bonds or using financial products like swaps and options. The asset management firm was founded by Republican politician Vivek Ramaswamy in 2022.

Strive將積極管理ETF，直接投資於這些債券或使用掉期和選擇權等金融產品。該資產管理公司由共和黨政治家 Vivek Ramaswamy 於 2022 年創立。

In November, Ramaswamy joined Tesla founder Elon Musk in heading the Department of Government Efficiency (DOGE), a private initiative to reduce wasteful government spending that, due to its similarity with the largest meme coin, has continuously triggered market volatility.

去年11 月，拉馬斯瓦米與特斯拉創辦人馬斯克一起領導政府效率部(DOGE)，這是一項旨在減少浪費性政府支出的私人倡議，由於其與最大的模因硬幣的相似性，不斷引發市場波動。

“Vivek's ETF company has filed for a Bitcoin Bond ETF that will track (using swaps) convertible bonds issued for the purpose of buying Bitcoin- so essentially it's a Microstrategy convertible bond ETF until other firms do the same,” ETF analyst Eric Balchunas wrote on X (formerly Twitter).

ETF 分析師Eric Balchunas 寫道：「Vivek 的ETF 公司已申請推出比特幣債券ETF，該ETF 將追蹤（使用掉期）為購買比特幣而發行的可轉換債券，因此本質上它是一款Microstrategy 可轉換債券ETF，直到其他公司也這樣做。

Meanwhile, industry analysts expect more crypto ETFs to be approved under Trump's administration. Earlier this month, the SEC approved the first-ever duel Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton.

同時，產業分析師預計川普政府將批准更多加密貨幣 ETF。本月早些時候，美國證券交易委員會批准了 Hashdex 和富蘭克林鄧普頓的首個比特幣和以太坊 ETF。

Strive's proposed Bitcoin Bonds ETF could offer another unique financial product for retail investors longing for Bitcoin's exposure.

Strive 提議的比特幣債券 ETF 可以為渴望投資比特幣的散戶投資者提供另一種獨特的金融產品。

“Elon's silence about Bitcoin since the election, combined with recent news about Vivek's Bitcoin Bond ETF applicatio,n has brought my confidence in a strategic US Bitcoin reserve to a near guarantee. Day one is not off the table. Things are in motion that cannot be undone,” wrote popular influencer The Bitcoin Therapist.

「自大選以來，伊隆對比特幣保持沉默，再加上最近有關 Vivek 的比特幣債券 ETF 申請的消息，使我對美國比特幣戰略儲備的信心幾乎得到保證。第一天並非不可能。事情正在發生，無法挽回。

MicroStrategy's stock has soared in parallel with its Bitcoin acquisitions. Since 2020, MicroStrategy, led by Michael Saylor, has spent over $27 billion buying Bitcoin. This strategy has boosted its stock price by over 2,200%.

隨著比特幣收購的進行，MicroStrategy 的股價也隨之飆漲。自 2020 年以來，Michael Saylor 領導的 MicroStrategy 已花費超過 270 億美元購買比特幣。這項策略使其股價上漲了2,200%以上。

However, the firm has aggressively ramped up its Bitcoin purchases throughout 2024. In December alone, MicroStrategy bought over $4 billion worth of BTC. All of these purchases took place when the token was hovering above $95,000.

然而，該公司在 2024 年積極增加了比特幣購買量。所有這些購買都是在代幣價格徘徊在 95,000 美元以上時發生的。

Bitcoin's bullish performance in 2024 is also reflected in MSTR's stock performance. The stock gained nearly 400% year-to-date, which propelled MicroStrategy into the top 100 public companies. This success led to the stock's inclusion in the Nasdaq-100 index, with potential for inclusion in the S&P 500 next year.

比特幣在 2024 年的看漲表現也反映在 MSTR 的股票表現上。今年迄今為止，該股上漲了近 400%，推動 MicroStrategy 躋身上市公司 100 強之列。這一成功導致該股被納入納斯達克 100 指數，並有可能明年被納入標準普爾 500 指數。

MicroStrategy has funded these Bitcoin purchases by issuing new shares and convertible bonds. These bonds have low or no interest but can be converted into MSTR shares.

MicroStrategy 透過發行新股和可轉換債券為這些比特幣購買提供資金。這些債券的利息很低或沒有利息，但可以轉換為 MSTR 股票。