Strive

Looking for an actively managed fixed income fund whose sector allocation and security selection are solely based on credit risk and asset price? Check out the Strive Enhanced Income Short Maturity ETF (BUXX), which seeks to provide current income while aiming to minimize price volatility and maintain portfolio liquidity. Learn more about why you should consider BUXX for your portfolio: Fact sheet: https://lnkd.in/gahBzksi Fund page: https://lnkd.in/gxkgrSge Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please visit our website at www.strivefunds.com. Read the prospectus or summary prospectus carefully before investing. The Strive ETFs are distributed by Quasar Distributors, LLC.

BlackRock’s engagement team took a three-day break. Now they're back. Despite new SEC guidance cracking down on ESG activism, BlackRock claims it can continue forcing behaviors—as long as it calls itself "passive" first. Check out this week’s Fiduciary Focus — Featured Story to see what’s really going on and why it matters.

Strive CEO Matt Cole will be speaking at MoneyShow Masters Symposium this April in our new hometown — Dallas, Texas. Matt will cover Bitcoin bonds, why Bitcoin belongs as a core portfolio holding and how this new asset class is expanding during his presentation –?Bitcoin Bonds: Better Risk-Adjusted Exposure to Digital Gold? Register now to attend the symposium and hear Matt:?https://lnkd.in/grtNrGyQ

We believe GameStop has an incredible opportunity to transform its financial future by becoming the premier Bitcoin treasury company in the gaming sector. On behalf of our clients, who are GameStop shareholders, we sent GameStop an engagement letter encouraging them to make Bitcoin the hurdle rate for capital deployment. Read the full letter, including our five recommendations: https://lnkd.in/gv69Wet7

Education is the gateway to true Bitcoin adoption and success. We’re proud to support the Satoshi Papers Symposium at University of Austin (UATX)—helping students and the broader community gain an in-depth understanding of what Bitcoin is, why it matters, and how it can benefit them in the long run. We are grateful to see these conversations taking shape and excited to contribute to a future where more people are empowered to hold and benefit from Bitcoin.

Since day one, Strive has been at the forefront of the fight for American energy independence. Strive CEO Matt Cole breaks down why the rise of AI and Bitcoin is making energy production more critical than ever in his recent appearance on the Bitcoin Treasuries podcast with Tim Kotzman.

The SEC recently made it harder for Wall Street to push ESG. The agency issued new guidance limiting ESG shareholder proposals and tightening reporting rules for asset managers that pressure companies on non-financial goals. Check out this week’s Fiduciary Focus — Featured Story to see what it means for investors.

We think the answer is yes. To learn the reasons why, as well as the percentage allocation Strive recommends, check out our Bitcoin Investment Thesis by clicking the link in our profile.

Last week, Google became the biggest company yet to drop its DEI targets. The tech giant scrapped its hiring quotas—just days before the DOJ was urged to launch criminal investigations into illegal discrimination. Check out this week’s Fiduciary Focus — Featured Story to learn what’s changing and what’s staying.

New accounting rules giving Bitcoin treasuries earnings boost ? This earnings season, Tesla got a long-awaited boost. Although auto revenue fell, it?reported?a $600 million profit from its Bitcoin investments, amounting to over a quarter of its Q4 earnings. The leap came from the Financial Accounting Standards Board’s (FASB) new rules allowing—and now requiring—companies to let unrealized Bitcoin gains flow to the bottom line. Recognizing Bitcoin appreciation as profit should be a tailwind for corporate adoption: Bitcoin treasuries are now a legitimate line of business. Tesla is one of the earliest beneficiaries of the new accounting standards, but far from the biggest. It may look like one of the largest corporate Bitcoin owners with its stash worth $1 billion, but that’s not even 1% of its $1.1 trillion-dollar market cap. Much smaller adopters, like Strategy (formerly MicroStrategy) four years ago, or small caps like KULR Technology, stand to see the biggest earnings swings from injecting Bitcoin gains into their balance sheets. KULR is a good case study of a new entrant into the Bitcoin arena. Its business selling heat management solutions for energy systems had delivered a declining stock over the last five years. On December 4th, it suddenly?announced?a plan to commit up to 90% of its cash reserves to Bitcoin. Over the next couple weeks, its stocks skyrocketed from just over $1 to almost $5. Although it’s lost about half those gains as Bitcoin’s consolidated, KULR has used the dip to accumulate over 500 Bitcoin already. That $50 million war chest makes a good starting point to diversify KULR’s operations, now that the FASB recognizes it as a potential profit engine. With revenue around $10 million in 2024 and a $17 million earnings loss, any meaningful rise in Bitcoin price could single-handedly carry KULR to a profit, giving it breathing room to expand its thermal management business. Once profitable in its own right, that in turn can feed recurring, non-correlated revenue into buying more Bitcoin for the treasury. There’s one string attached to Bitcoin treasury companies’ accounting windfall: Uncle Sam might want a cut. 2022’s Inflation Reduction Act?established?a 15% corporate alternative minimum tax that could apply to unrealized Bitcoin, potentially a multibillion dollar tax bill for a company like Strategy. But as the Wall Street Journal reports, a friendly SEC could grant Bitcoin treasury companies an exception for unrealized gains much like Berks?hire Hathaway receives for its investments. That regulatory helping hand could be the next step for Bitcoin treasury adoption.