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Adding News Story; REX Shares launched BMAX

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BMAX's launch follows Strategy’s recent issuance of $2 billion in zero-coupon convertible notes, which funded its acquisition of an additional 20,356 BTC, increasing Strategy’s total Bitcoin holdings to 499,096 BTC
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BMAX's launch follows Strategy’s recent issuance of $2 billion in zero-coupon convertible notes, which funded its acquisition of an additional 20,356 BTC, increasing Strategy’s total Bitcoin holdings to 499,096 BTC
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StrategyREX Shares
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Following the completion of Strategy’s latest $2 billion zero-coupon convertible note offering in February, the company acquired an additional 20,356 BTC for approximately $1.99 billion at an average price of $97,514 per bitcoin, taking its total holdings to 499,096 BTC, worth over $41 billion
REX Shares has launched a first-of-its-kind convertible-bonds exchange-traded fund (ETF), allowing investors exposure to the convertible debt issued by corporates to add bitcoin to their balance sheet
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REX Shares has launched a first-of-its-kind convertible-bonds exchange-traded fund (ETF), allowing investors exposure to the convertible debt issued by corporates to add bitcoin to their balance sheet
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James Van StratenHelene Braun
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Bitcoin-Related Convertible Bond ETF Comes to Market
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REX Shares
the fund is necessarily mostly made up of convertible paper issued by Michael Saylor's Strategy (MSTR), by far the largest issuer of such debt. Other top 10 holdings include the convertible notes of bitcoin miners Marathon Digital (MARA) and Riot Platforms (RIOT)
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the fund is necessarily mostly made up of convertible paper issued by Michael Saylor's Strategy (MSTR), by far the largest issuer of such debt. Other top 10 holdings include the convertible notes of bitcoin miners Marathon Digital (MARA) and Riot Platforms (RIOT)
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Michael Saylor
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StrategyREX SharesMARA HoldingsRiot Platforms, Inc.
Authors
Authors
Helene BraunJames Van Straten
Sources
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Bitcoin-Related Convertible Bond ETF Comes to Market