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Reports suggested Trump was planning on signing an executive order potentially related to crypto, but the White House had not announced anything at the time of publication. Neither digital assets nor blockchain appeared on the administration’s list of policy priorities as they were first published on Jan. 20.
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Since taking the oath of office at 12:00 pm ET, Trump has not mentioned digital assets or blockchain on his first official day as US president. He had also pledged to commute the sentence of Silk Road founder Ross Ulbricht.
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In 2023, Ramaswamy — who earned most of his $1 billion net worth from founding biotechnology startup Roivant Sciences — campaigned against Trump in the Republican presidential primary.
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Ramaswamy, an outspoken ally of President-elect Donald Trump, founded Strive in 2022. The asset manager aims to help investors “harness the power of capitalism,” according to Strive’s website.
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Other companies have followed suit. Corporate treasuries now hold about $56 billion worth of BTC, according to BitcoinTreasuries.NET.NET.
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MicroStrategy has financed its buys by issuing a mixture of new stock and convertible bonds. Its bonds pay low or no interest but may convert to MSTR shares under certain conditions.
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Its stock, MSTR, has since gained more than 2,200%, outperforming practically every sizeable public company except Nvidia.
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Strive has not yet specified the management fees investors will be charged, but actively managed funds typically charge more than passive index funds.
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The Strive Bitcoin Bond ETF will be actively managed and will gain exposure to Bitcoin bonds either directly or through financial derivatives such as swaps and options, Strive said.
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The ETF seeks to offer exposure to “Bitcoin Bonds,” described as “convertible securities issued by MicroStrategy” or by other companies that plan to “invest all or a significant portion of the proceeds to purchase Bitcoin,” according to the filing.
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Strive, an asset manager founded by Vivek Ramaswamy, asked United States regulators for permission to list an exchange-traded fund (ETF) investing in convertible bonds issued by MicroStrategy and other corporate Bitcoin buyers, according to a Dec. 26 filing.
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After Salame’s failed attempts to void the guilty plea and delay the start of the sentence, he submitted to prison custody on Oct. 11 at the FCI Cumberland correctional facility, a medium-security prison.
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In 2023, Ramaswamy — who earned most of his $1 billion net worth from founding biotechnology startup Roivant Sciences — campaigned against Trump in the Republican presidential primary.
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17 reactions
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andyron8an
@andyron8an
Ramaswamy, an outspoken ally of President-elect Donald Trump, founded Strive in 2022. The asset manager aims to help investors “harness the power of capitalism,” according to Strive’s website.
0 reply
1 recast
17 reactions
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Other companies have followed suit. Corporate treasuries now hold about $56 billion worth of BTC, according to BitcoinTreasuries.NET.NET.
0 reply
1 recast
16 reactions
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MicroStrategy has financed its buys by issuing a mixture of new stock and convertible bonds. Its bonds pay low or no interest but may convert to MSTR shares under certain conditions.
0 reply
1 recast
15 reactions
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Its stock, MSTR, has since gained more than 2,200%, outperforming practically every sizeable public company except Nvidia.
0 reply
1 recast
13 reactions
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andyron8an
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Strive has not yet specified the management fees investors will be charged, but actively managed funds typically charge more than passive index funds.
0 reply
1 recast
12 reactions
andyron8an pfp
andyron8an
@andyron8an
The Strive Bitcoin Bond ETF will be actively managed and will gain exposure to Bitcoin bonds either directly or through financial derivatives such as swaps and options, Strive said.
0 reply
1 recast
12 reactions
andyron8an pfp
andyron8an
@andyron8an
The ETF seeks to offer exposure to “Bitcoin Bonds,” described as “convertible securities issued by MicroStrategy” or by other companies that plan to “invest all or a significant portion of the proceeds to purchase Bitcoin,” according to the filing.
0 reply
1 recast
11 reactions