Strive 申请“比特币债券”ETF，寻求投资 MicroStrategy 发行的可转换证券

Vivek Ramaswamy 创立的资产管理公司 Strive 已向美国监管机构申请推出交易所交易基金 (ETF)

Asset management firm Strive, founded by Vivek Ramaswamy, has filed with U.S. regulators for approval to launch an exchange-traded fund (ETF) focused on convertible bonds issued by Bitcoin-investing companies, such as MicroStrategy.

由 Vivek Ramaswamy 创立的资产管理公司 Strive 已向美国监管机构申请批准推出一只交易所交易基金 (ETF)，专注于 MicroStrategy 等比特币投资公司发行的可转换债券。

The ETF will provide exposure to what Strive terms “Bitcoin Bonds,” which are convertible securities issued by MicroStrategy and other firms that allocate a substantial portion of their capital to acquiring Bitcoin.

该 ETF 将提供 Strive 所称的“比特币债券”敞口，这是由 MicroStrategy 和其他公司发行的可转换证券，这些公司将其大部分资本用于购买比特币。

Strive’s Bitcoin Bond ETF will be actively managed and will gain exposure to these bonds either directly or through financial instruments like swaps and options. While the management fee is not specified in the filing, active funds usually carry higher costs than passive index funds.

Strive 的比特币债券 ETF 将进行积极管理，并将直接或通过掉期和期权等金融工具获得这些债券的投资。虽然文件中没有具体说明管理费，但主动型基金的成本通常高于被动型指数基金。

“Bitcoin Bonds” ETF application filed by Strive, would gain exposure to convertible securities issued by MicroStrategy among others, aiming to capitalize on a growing trend of corporate treasuries holding BTC.https://t.co/033030303h

Strive 提交的“比特币债券”ETF 申请将获得 MicroStrategy 等公司发行的可转换证券的投资，旨在利用持有 BTC 的企业财务日益增长的趋势。https://t.co/033030303h

MicroStrategy, led by co-founder Michael Saylor, began purchasing Bitcoin in 2020, notably investing around $27 billion in the cryptocurrency. As a result of this strategy, its stock, known as MSTR, has seen a remarkable increase of over 2,200%, outperforming almost every other major publicly traded company, with the exception of Nvidia.

由联合创始人 Michael Saylor 领导的 MicroStrategy 于 2020 年开始购买比特币，特别是在加密货币上投资了约 270 亿美元。由于这一策略，其股票（称为 MSTR）显着上涨了 2,200% 以上，表现优于除 Nvidia 之外的几乎所有其他主要上市公司。

To fund its Bitcoin purchases, MicroStrategy has used a combination of newly issued stock and convertible bonds. These bonds typically carry low or no interest but can be converted into MSTR shares under certain conditions. Other companies have also adopted this strategy, leading to a growing trend of corporate treasuries holding significant amounts of BTC. Currently, businesses collectively own an estimated $56 billion in BTC.

为了为其购买比特币提供资金，MicroStrategy 结合使用了新发行的股票和可转换债券。这些债券通常利息较低或无利息，但在某些条件下可以转换为 MSTR 股票。其他公司也采取了这一策略，导致企业金库持有大量比特币的趋势不断增长。目前，企业总共拥有价值约 560 亿美元的 BTC。

Through its new ETF, Strive aims to capitalize on this trend, offering investors a vehicle to gain exposure to Bitcoin-focused corporate bonds while actively managing the ETF’s holdings.

Strive 旨在通过其新 ETF 充分利用这一趋势，为投资者提供一种投资以比特币为重点的公司债券的工具，同时积极管理 ETF 的持有量。