Sharing Rex, a Fund-Traded Fund (ETF) provider with over $ 6 billion in assets under Management (AUM), launched its Bitcoin (Btc) Corporate Treasury Convertible Bond (BMAX) ETF investing in convertible bonds of companies with a BTC corporate reserve strategy.
According to the March 14 announcement, ETF will buy the Replaces companies’ notes such as approach. Changing notes are commercial paper that can be converted to equity at a predetermined rate if an investor chooses.
Typically, these transformed bonds are purchased by institutional investors, including pension funds, some of which are specialists in convertible investment. Greg King, CEO of Rex Financial, said:
“To this day, these bonds have become difficult to reach for individual investors. BMAX is eliminating those obstacles, making it easier to invest in the approach of Michael Saylor -a corporate debt to get Bitcoin as a treasury owner.”
Investing in convertible bonds, ETFs and the equity of companies such as strategy, Mara and Metaplanet provide investors Indirect exposure to bitcoin It eliminates technical barriers to entry and self-customial risks to directly hold BTC.
The approach to co-founder Michael Saylor, who appreciates the wealth of Corporate’s Bitcoin, talks about BTC’s merits. Source: Cointelegraph
Related: Michael Saylor’s approach to raise up to $ 21b to buy more Bitcoin
Approach a proxy bitcoin bet for institutional investors
Institution investors may lack technical sophistication to hold BTC directly or have legal or certainty obstacles that prevent them from investing in digital possessions.
At least 12 US states Currently hold a stock of strategy as part of their state pension funds and wealth. Together, these states hold more than $ 271 million in stock with current market prices.
The list consists of Arizona, California, Colorado, Florida, Illinois, Louisiana, Maryland, North Carolina, New Jersey, Texas, Utah and Wisconsin.
The California State Teacher’s funding and the retirement system of public employees hold $ 67.2 million and $ 62.8 million in stock, respectively.
Strategy bitcoin purchases in 2025. Source: Saylortracker
According to SaylortrackerThe approach is currently holding 499,096 BTC, which costs more than $ 41.4 billion, making the company one of the largest BTC corporate holders Attached 198,000 BTC.
Strategy Bitcoin’s latest purchase occurred in February. 24, when the company won 20,356 BTC at nearly $ 2 billion.
Magazine: ‘China’s Microstrategy’ Meitu sells all Bitcoin and Ethereum: Asia Express
