Ramaswamy’s Strive Targets Bitcoin-Linked Corporate Bonds with New ETF Initiative

Vivek Ramaswamy’s Strive Asset Management is setting its sights on Bitcoin-linked corporate bonds through the launch of a new exchange-traded fund (ETF).

Strive Asset Management, the asset and wealth management firm founded by Vivek Ramaswamy, has announced plans for the Strive Bitcoin Bond ETF. According to a report from the Financial Times citing a regulatory filing, the ETF will focus on bonds issued by companies using proceeds to purchase Bitcoin.

Key Details of the Strive Bitcoin Bond ETF

The ETF, which has been registered with the U.S. Securities and Exchange Commission (SEC), will actively invest in corporate bonds and utilize derivatives such as swaps and options. The primary target will be companies allocating bond proceeds toward Bitcoin acquisitions, as detailed in the regulatory filing.

One notable focus is MicroStrategy, the business intelligence firm led by Michael Saylor. MicroStrategy has invested over $27 billion in Bitcoin since 2020, driving its MSTR share price up by nearly 600% in 2024. Strive’s ETF expects 80% of its exposure to come from "Bitcoin bonds" issued by MicroStrategy and similar firms.

The ETF will be managed by Strive’s Chief Executive Matthew Cole, alongside portfolio managers Jeffrey Sherman and Randol Curtis, highlighting a robust team to oversee this innovative investment product.

Ramaswamy’s Vision and Strive’s Mission

Vivek Ramaswamy, a biotech entrepreneur turned asset manager, founded Strive Asset Management to challenge "woke capitalism" and prioritize shareholder interests over political agendas. The firm’s strategy aims to align investment decisions with shareholder priorities rather than external political considerations.

In addition to his leadership at Strive, Ramaswamy is poised to take on a significant role in government, heading a new department for efficiency under President Donald Trump. This follows Trump’s recent victory in the U.S. presidential election, where Ramaswamy is expected to collaborate with figures like Elon Musk in reshaping government operations.