Strive, an investment manager founded by Vivek Ramaswamy, has applied to create an exchange-traded fund (ETF) that will invest in convertible bonds issued by MicroStrategy and other companies buying Bitcoin. These bonds can be converted into stocks, and the fund will be actively managed using both the bonds themselves and financial derivatives. MicroStrategy has invested about $27 billion in Bitcoin, and now many companies hold around $56 billion in cryptocurrency in their corporate treasuries.
12/27/2024 12:04:17 PM (GMT+1)
Strive has applied to create an ETF investing in convertible bonds of MicroStrategy and other companies buying Bitcoin, using derivatives to profit 📈
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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