Investment firm Strive Asset Management to Introduce Exchange-Traded Fund Focusing on Bonds Issued by Bitcoin Strategy Companies
In the rapidly evolving world of finance, a select group of corporations are making waves by adopting Bitcoin as a reserve asset. These companies not only hold significant amounts of the cryptocurrency, but they also meet stringent investment criteria, making them attractive options for investors.
The Eligibility Criteria
For a corporation to be eligible for investment, it must meet several key criteria. These include:
- Holding a balance of at least 1,000 BTC.
- A market capitalization of at least $100 million.
- An average daily liquidity of at least $1 million.
- A minimum float of at least 10% of shares.
The Pioneers in Bitcoin Adoption
As of August 2025, a list of public companies that have adopted Bitcoin as a reserve asset and meet all the aforementioned criteria includes the following notable firms:
- MicroStrategy - With approximately 630,000 BTC worth over $70 billion, MicroStrategy holds the largest corporate Bitcoin treasury by far. The company has made Bitcoin acquisition its core corporate strategy and boasts a market capitalization well above $100 million and significant daily liquidity.
- Coinbase Global, Inc. - As a leading crypto exchange, Coinbase publicly holds Bitcoin reserves. Its market cap exceeds $100 million, and its liquidity is sufficient given its exchange status.
- Tesla, Inc. - Tesla holds Bitcoin as part of its diversified treasury reserves, with BTC holdings exceeding 1,000. With a large market cap and trading volume, the company meets the liquidity and float criteria.
- Block, Inc. (formerly Square) - Active Bitcoin holder Block, Inc. has BTC holdings over 1,000. The company's large market capitalization and public float are well above the thresholds.
- Hut 8 Mining Corp - This Canadian Bitcoin miner holds over 1,000 BTC in treasury and is listed publicly with a market cap and liquidity meeting the requirements.
Other Significant Bitcoin Holders
While other firms either fall short on BTC holdings, market cap, liquidity, or are private/not listed, there are additional companies with significant corporate Bitcoin treasuries but smaller holdings (less than 1,000 BTC) or unclear liquidity/floating share data. These include DDC Enterprise, Empery Digital, LM Funding America, Metaplanet, and several others.
The Strive Bitcoin Bond ETF
Investors seeking to gain access to these Bitcoin-holding corporations can do so through the Strive Bitcoin Bond ETF. This ETF will primarily invest in shares of corporations that have adopted Bitcoin as a reserve asset, providing access either directly or through swaps and options. Strive Asset Management has filed for the launch of this ETF, focusing on convertible bonds of MicroStrategy and other companies that have adopted a Bitcoin strategy.
Another ETF, the Bitcoin Standard Company ETF, if launched, would own stocks of companies that have adopted the "bitcoin standard," which they define as holding at least 1,000 BTC in corporate treasury. Bitwise announced plans to launch this ETF on December 27.
The Rise of Bitcoin Adoption
Despite the relatively small number of companies that have adopted Bitcoin as a reserve asset, the trend is on the rise. According to OKG Research, only 0.01% of publicly traded companies globally own Bitcoin. As more corporations follow the lead of MicroStrategy, Tesla, Block, and Hut 8 Mining, the landscape of finance is set for a seismic shift.
For instance, on December 8, a similar proposal was presented to Amazon equity holders, and on December 27, Bitwise announced plans to launch the Bitcoin Standard Company ETF. These developments underscore the growing interest in Bitcoin as a corporate asset and the potential for further expansion of the Bitcoin-holding corporate sector.
In conclusion, the adoption of Bitcoin as a reserve asset by corporations presents an exciting opportunity for investors. By meeting stringent investment criteria and boasting significant BTC holdings, these companies are shaping the future of finance and paving the way for a new era of investment.
- The Strive Bitcoin Bond ETF, a new investment opportunity, primarily invests in shares of corporations that hold Bitcoin as a reserve asset, providing access either directly or through swaps and options.
- As the adoption of Bitcoin as a corporate reserve asset is on the rise, more corporations are following MicroStrategy, Tesla, Block, and Hut 8 Mining's lead, potentially causing a significant shift in the landscape of traditional finance.
