Pioneered by Strategy Executive Chairman Michael Saylor, an increasing number of public companies are issuing convertible bonds to finance bitcoin acquisitions for their treasury, with BMAX aiming to simplify access to such bonds

BMAX, the first convertible-bonds ETF issued by REX Shares, aims to simplify access to convertible bonds issued by companies that use debt financing to acquire bitcoin for their corporate treasury, a strategy popularized by Strategy Executive Chairman Michael Saylor