BARS Fund
About BARS Fund
The investment thesis, the problem we solve, and what we have already demonstrated with the rights we own today.
Origin
Two industries.
One structural flaw.
One solution.
BARS Fund began with a question that neither industry was asking: why do Bitcoin treasury companies accept negative carry as a cost of holding digital assets, when the music industry generates billions in predictable, recurring income every year?
The answer — that nobody had connected these two ecosystems — became the founding thesis. Music royalties are not just income. They are collateral. A mechanism to finance a long Bitcoin position without the capital erosion that comes from holding a non-yielding asset.
Three co-founders with operating history in both industries built the structure that the market was missing: a fund that acquires premium music IP, collects recurring royalty distributions, and uses that yield to build and sustain a strategic Bitcoin treasury position.
The Problem
The Negative Carry Problem
Bitcoin treasury companies — from Strategy (formerly MicroStrategy) to Metaplanet — hold Bitcoin as a primary reserve asset. But Bitcoin generates no yield. Holding it costs capital: operating expenses, debt service, and opportunity cost must be funded from sources other than the asset itself. This is negative carry, and it is the structural weakness of every pure Bitcoin treasury company.
The Music Royalty Ceiling
Traditional music royalty funds — Hipgnosis, Partners Group catalog vehicles, and others — generate reliable income from streaming, licensing, and sync. But their upside is bounded: royalty multiples compress over time, catalog values plateau, and investors in pure royalty vehicles capture none of the appreciation that a parallel digital asset position would provide. Income without growth is only half the story.
The Missing Structure
Neither solution, on its own, offers what institutional capital is actually seeking: yield-funded Bitcoin exposure that is uncorrelated to traditional equity markets. The 15-20 companies in music catalog acquisition and the 100+ companies in digital asset treasury have not produced a single combined structure. BARS Fund exists because that structure did not exist.
Acquire premium music IP
We source and acquire artist catalogs, publishing rights, and master recordings with strong, documented royalty histories. Targets include catalogs with proven streaming performance and licensing demand across film, TV, and brand partnerships.
Collect recurring royalty distributions
Music IP generates royalty income from streaming platforms, performance rights organizations, sync licensing, and direct licensing. This income is predictable, recurring, and — unlike equity dividends — not correlated to public market conditions.
Finance the Bitcoin treasury
Royalty income funds the ongoing cost of holding Bitcoin — eliminating negative carry. As the music portfolio grows, so does the capacity to expand the Bitcoin treasury position, creating a compounding dual-asset flywheel that neither industry operates alone.
Deliver uncorrelated dual-asset returns
Investors receive the stable income characteristics of music royalties combined with Bitcoin's asymmetric appreciation — a return profile that does not move with equities, bonds, or real estate. The dual-asset structure is the differentiation that does not exist elsewhere in the market.
Track Record
Proof of concept,
already running.
With the rights we currently own, BARS Fund doubled its initial investment in 8 months. That result was achieved before additional catalog acquisitions, before institutional capital deployment, and before the full dual-asset structure was operational.
The music IP BARS Fund holds today generates ongoing royalty distributions across streaming platforms, licensing, and sync placements. The thesis has not been theoretical — it has been producing returns since the first catalog was acquired.
Full pro forma financials and detailed IRR projections are available to qualified investors. Contact the team to request the complete investment memorandum.
Request Full Financials2x
Return on existing catalog
In 8 months. From current rights holdings, before any institutional capital raise.
See the Numbers Behind the Thesis
Full pro forma financials and IRR projections are available to qualified investors. Request the investment memorandum from our team.
For accredited investors and qualified institutional buyers only.