REX launches Bitcoin Corporate Treasury Convertible Bond ETF
14 Marzo 2025 - 4:19PM
Cointelegraph


REX Shares, an exchange-traded fund (ETF) provider with over $6
billion in assets under management (AUM), launched its Bitcoin
(BTC) Corporate Treasury Convertible
Bond (BMAX) ETF that invests in the convertible bonds of companies
with a BTC corporate reserve strategy.
According to the March 14 announcement, the ETF will purchase
the
convertible notes of companies such as Strategy. Convertible
notes are commercial paper that can be converted into equity at a
predetermined rate if an investor chooses.
Typically, these convertible bonds are purchased by
institutional investors, including pension funds, some of which
specialize in convertible note investing. Greg King, CEO of REX
Financial, said:
“Until now, these bonds have been difficult for
individual investors to reach. BMAX removes those barriers, making
it easier to invest in the strategy pioneered by Michael Saylor —
leveraging corporate debt to acquire Bitcoin as a treasury
asset.”
Investing in convertible bonds, ETFs and the equity of companies
such as Strategy, MARA and Metaplanet provides investors with
indirect exposure to Bitcoin that removes the technical barrier
to entry and self-custodial risks of holding BTC directly.
Strategy co-founder Michael Saylor, who popularized
corporate Bitcoin treasuries, speaks about the merits of BTC.
Source: Cointelegraph
Related:
Michael Saylor’s Strategy to raise up to $21B to
purchase more Bitcoin
Strategy a proxy Bitcoin bet for institutional investors
Institutional investors may lack the technical sophistication to
hold BTC directly or have legal or fiduciary constraints preventing
them from investing in digital assets.
At least 12 US states
currently hold Strategy stock as part of their state pension
funds and treasuries. Collectively, these states hold over $271
million in Strategy stock using current market prices.
The list comprises Arizona, California, Colorado, Florida,
Illinois, Louisiana, Maryland, North Carolina, New Jersey, Texas,
Utah and Wisconsin.
California’s State Teachers’ Retirement Fund and its Public
Employees Retirement System hold $67.2 million and $62.8 million in
Strategy stock, respectively.
Strategy’s Bitcoin purchases in 2025. Source:
SaylorTracker
According to SaylorTracker, Strategy currently holds 499,096
BTC, valued at over $41.4 billion, making the company one of the
largest corporate BTC holders in the world — eclipsing the US
government’s estimated 198,000 BTC.
Strategy’s
most recent Bitcoin purchase occurred on Feb. 24, when the
company acquired 20,356 BTC for nearly $2 billion.
Magazine:
‘China’s MicroStrategy’ Meitu sells all its Bitcoin and
Ethereum: Asia Express
...
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Treasury Convertible Bond ETF
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REX launches Bitcoin Corporate Treasury Convertible
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