Hi,
I experienced this issue with the same OS version, 11.2.2, for a different bluetooth speaker and headset.
Mine was fixed by an SMC reset, a suggestion I found here.
https://discussions.apple.com/thread/252397876?answerId=254554975022#254554975022
An SMC reset is achieved by clicking on the Apple icon in the top left of your screen, then selecting shutdown.
Once shutdown, close the lid for 30 seconds, then power up. The original instructions are here. I reset my bluetooth devices at the same time.
https://discussions.apple.com/thread/252114787?answerId=254165944022#254165944022
When I powered up, I made sure all external peripherals were disconnected, as USB devices have the potential to interfere with Bluetooth. This may have changed for USBC, but I have USB-A/B peripherals also.
https://www.intel.com/content/www/us/en/products/docs/io/universal-serial-bus/usb3-frequency-interference-paper.html
The first bluetooth device connected after a first SMC reset. For the second bluetooth device, I had to perform another SMC reset for it to show as available. It took a few connect attempts to connect to the second device, once it was showing as available.