PROPOSED • TARGETING ASX LISTING

AUSY

STRC, wrapped for Australia.

We are bringing STRC’s high yield to Australia. Tax-deferred distributions in AUD with easy accounting.

~11.5% variable yield
Intended tax-deferred distributions
Designed for SMSFs & Individuals
ASX Primary Listing
Strategy Inc. Partnership
Monthly Reporting
Proposed launch: Q2 2027
WHO THIS IS FOR

Better options for Australians who want more from their capital

Whether you're exiting real estate, looking for tax-efficient income, or simply want access to professional-grade returns without the complexity.

Property investors ready to move on

Tired of tenants, maintenance, stamp duty, and having all your wealth tied up in one asset? AUSY is intended to offer liquidity, professional management, and genuine diversification.

No more 3am plumbing emergencies.

High earners who want tax efficiency

Doctors, lawyers, executives and other professionals looking for strong, tax-deferred income without adding another full-time job. Simple, listed, and designed to work alongside your busy life.

Income that doesn't require weekends.

SMSF trustees seeking better returns

Looking for a genuinely diversified, professionally managed income stream with strong historical performance and transparent monthly reporting. Built for SMSFs that want more than term deposits.

Serious returns with serious transparency.
Does this sound like it could work for you?
Register your interest and we'll keep you updated as the project progresses.
THE OPPORTUNITY

Why we're building AUSY

Australian SMSFs and investors lack a simple, ASX-listed way to access high-yielding Bitcoin-linked strategies like Strategy Inc. without foreign tax reporting, FX complexity, and custody risk.

~11.5% Variable Yield

Target distribution yield derived from Strategy Inc. STRC's high-performing income strategy. Yield resets quarterly based on underlying performance.

Tax-Deferred ROC

Distributions delivered primarily as Return of Capital. Defer your tax liability and improve year-to-year cash flow for SMSFs and personal portfolios.

Typically 70–85% ROC

Built for Australians

Purpose-designed for SMSFs, individual investors, family offices and joint accounts. Full compliance with Australian tax and superannuation rules.

No foreign investor restrictions • Fully domiciled
COST BASE MECHANICS

How ROC & Tax Deferral Works

See how your distributions stay largely tax-deferred as Return of Capital reduces your cost base — until it is exhausted.

Parameters
$
%
Assumed constant for illustration
COST BASE EXHAUSTED AFTER
8.7 years
TOTAL DISTRIBUTIONS (15 YRS)
$0
All tax-deferred initially
EST. TAX OVER 15 YEARS
$0
Effective rate on total distributions
How to read this: While your cost base remains, distributions are treated as Return of Capital and are generally tax-deferred. Once the cost base is fully exhausted (e.g. ~8.7 years at 11.5% yield), further distributions become taxable income. This is a simplified illustration assuming constant yield and 100% of distributions reducing cost base until exhausted.
REINVESTMENT MECHANICS

How DRP Affects Cost Base

In tax-deferred products with significant Return of Capital distributions, investors sometimes use leverage. This simulator shows how retaining part of each distribution for loan servicing while reinvesting the balance creates new cost base tranches over time.

Parameters
$
%
CASH TO RETAIN FOR LOAN SERVICING
0% 30% 100%
Percentage of each distribution kept as cash for loan payments.
TOTAL CASH EXTRACTED (15 YRS)
$0
Available for loan payments
FINAL PORTFOLIO VALUE
$0
After 15 years of partial DRP
NEW TRANCHES CREATED
0
Each with its own cost base
In products with this structure, each DRP reinvestment typically creates a new tranche with its own cost base. These tranches exhaust at different times — which is why tools like the Clean Exit Simulator exist: to model which tranches to sell and in what order.
Seeing how the mechanics could work in practice?
Register your interest to stay updated as we move toward launch.
INVESTOR EXPERIENCE

Institutional-grade features
Retail-friendly access

Every detail is being engineered for transparency, simplicity and tax efficiency.

Flexible DRP

We will offer the ability to choose full, partial or zero reinvestment each quarter, with changes managed through the investor portal.

REINVEST OR TAKE CASH — YOUR CHOICE
INTERACTIVE

Clean Exit Simulator

Model how tranche-based cost bases and different exit ordering strategies affect capital gains in products with ROC distributions.

Launch simulator

Rolling Cost Base Tracking

Real-time visibility of cost base adjustments after each distribution.

Via the investor dashboard

Investor Portal + Tax Packs

We will provide annual tax statements and accountant-ready packs, with export options to common accounting software.

Joint Accounts & SMSF Friendly

Designed to support individual, joint, SMSF, and corporate holdings, with appropriate permissions and reporting.

Full Transparency

We will publish monthly NAV reports, underlying holdings, distribution composition, and independent audit summaries via the ASX and other channels.

INTENDED OPERATING MODEL

How AUSY is designed to work

01

Join the waitlist

Complete a short expression of interest. Priority access given to SMSF trustees and existing Strategy Inc. investors.

02

Submit your application

We will offer a streamlined application and ID verification process. Full documentation will be provided prior to launch.

03

Buy on the ASX

If AUSY is listed on the ASX, investors would be able to buy units through a broker in the same way as other ASX securities.

04

Receive income + reporting

Distributions are expected to be paid quarterly, with tax documentation provided through the investor portal each financial year.

Ready to take the first step?
The process starts with a simple expression of interest.
THE ENGINE BEHIND AUSY

About the Underlying

AUSY is intended to provide exposure to Strategy Inc. (STRC) — one of the largest and most liquid Bitcoin-focused investment vehicles in the world.

SCALE & ADOPTION

Over USD $10.5 billion invested

STRC has seen remarkable adoption. With more than $10.5 billion invested and growing, it has become one of the most widely held Bitcoin-related products globally.

PRICE STABILITY

Hugs the USD $100 price point

STRC is designed to trade very close to USD $100. This relative price stability helps deliver more predictable returns compared to holding Bitcoin directly.

LIQUIDITY

Exceptional trading depth

With an average 30-day trading volume of approximately USD $330 million, STRC offers genuine liquidity. You can enter and exit positions quickly and at scale — something very few Bitcoin vehicles can match.

RETURNS

Generous, variable yield

STRC has delivered strong distributions, with a target around 11.5%. While the yield is variable, it has historically been very attractive for a Bitcoin-linked product.

IMPORTANT RISKS

Risks of the Underlying

It's important to understand what exposure to AUSY would involve.

VARIABLE YIELD

Returns are not guaranteed

The 11.5% target yield is variable. Distributions have been as low as 9% in the past and could fall again depending on Bitcoin market conditions and Strategy Inc.'s performance.

BITCOIN EXPOSURE

Bitcoin is the underlying asset

STRC's performance is directly tied to Bitcoin. A significant and sustained drop in Bitcoin's value would negatively impact STRC and, in turn, AUSY distributions and capital value.

PRICE STABILITY

The $100 price point might not hold

While STRC aims to trade near USD $100, the market ultimately determines the price — not Strategy Inc. It could trade materially above or below this level.

MARKET ROTATIONS

Bitcoin rallies create two-way risk

During strong Bitcoin rallies, investors may rotate out of STRC into direct Bitcoin or MSTR, putting downward pressure on the price. When Bitcoin tops, capital rotating back into STRC can also impact distribution yields.

MAKE YOUR OWN ASSESSMENT

Why does STRC sound too good to be true?

A REASONABLE REACTION

It’s wise to be skeptical

When people first look at a product offering ~11.5% distributions with relatively low volatility compared to holding Bitcoin directly, a common reaction is “this sounds too good to be true.”

We think that’s a sensible starting point. High returns, regular cash distributions, and tax-deferred characteristics in one package deserve scrutiny.

OUR READING

What we think Strategy is doing

Our view is that Strategy is deliberately building a Bitcoin-linked credit product designed to appeal to a much broader pool of capital than typical crypto products.

They appear to be positioning STRC as an entry point into what they see as an emerging digital credit market — one that could eventually compete with traditional fixed income products. The current terms look generous because they are trying to establish scale and credibility while this category is still forming.

Strategy uses the capital it raises to acquire more Bitcoin, based on their conviction that Bitcoin’s long-term returns will significantly exceed the distributions they are currently paying out.

SAYLOR ON STRC

Saylor talks about STRC and the emerging digital credit markets

In this keynote, Michael Saylor discusses Strategy’s thinking around STRC and the development of digital credit products.

Watch on YouTube
This is our interpretation of Strategy’s strategy. We are not making any guarantees about future returns or market outcomes. As with any investment, you should do your own research and form your own view.
COST BASE MODELLING

Clean Exit Simulator

Educational tool only. This demonstrates how cost base is tracked across multiple purchase tranches in products that distribute Return of Capital (ROC). Different exit ordering strategies (FIFO, tax-optimised, etc.) can produce different capital gain outcomes. The scenario uses realistic hypothetical purchases (Jan 2027 – Jan 2028), an 11.5% illustrative yield, and a simulated sale in Jan 2029.

Sale Amount
$
YOUR PURCHASE TRANCHES
Click any tranche to exclude it from the simulated sale
RESULTS
PROFIT (CAPITAL GAIN)
$0
COST BASE USED3
$0
AVG ANNUAL GAIN %1
0%
EST. TAX (15% - SMSF rate)2
$0
1 Avg Annual Gain % is the blended capital gain on the sold portion, annualized by weighted average holding period. It includes both the reduction in cost base from distributions (ROC) and any change in asset value due to FX movements.
2 15% is the standard tax rate on earnings (including capital gains) in an SMSF in the accumulation phase.
3 Cost Base Used reflects the portion of distributions (primarily Return of Capital) already received on the specific units being sold in this simulation.
This is an educational demonstration only. Actual tax outcomes depend on your personal circumstances and holding periods. Past performance and illustrative examples are not indicative of future results. Consult a licensed financial adviser.
IMPORTANT

Risks & key considerations

We believe in complete transparency. Please read this section carefully.

Variable distributions
The target yield of approximately 11.5% is variable and not guaranteed. Actual distributions will depend on the performance of the underlying Strategy Inc. STRC portfolio.
Return of Capital (ROC) implications
A significant portion of distributions may be classified as ROC. This reduces your cost base and may increase your capital gain (or reduce your capital loss) when you eventually exit.
Underlying strategy risk
AUSY provides exposure to Strategy Inc. STRC, which carries credit risk, interest rate risk and liquidity risk associated with its investment mandate. Past performance is not indicative of future results.
Liquidity and market risk
While AUSY will be listed on the ASX, there is no guarantee of liquidity. You may not be able to sell your units at a price close to NAV, particularly in stressed market conditions.
This website contains general information only and does not constitute financial product advice. The information does not take into account your personal objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. If launched, the AUSY Fund would be issued by its responsible entity. Strategy Inc. is an independent manager and is not the issuer of AUSY.
EXPRESSIONS OF INTEREST OPEN

Would you like to see AUSY built?

We're currently testing interest from Australian investors.
Signups like yours prove demand and help us get AUSY funded and launched.
We'd love to keep you updated as things progress.

INVESTOR TYPE

We respect your time. Only serious applicants will be contacted.
This page describes a proposed product that is still in development and is not yet available for investment. All information, yields and features are indicative only and subject to change. This is general information only.