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Will Genius Group raise $33M through rights offering by March 31, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Genius Group's official press releases or financial statements
Story
Genius Group's $33M Rights Offering Aims to Boost Bitcoin Treasury to $86M Amid Price Surge
Jan 14, 2025, 04:11 PM
Genius Group, a publicly traded AI and education technology company, has announced a $33 million rights offering aimed at expanding its Bitcoin holdings. The company plans to use the proceeds to increase its Bitcoin treasury from the current $35 million to a potential $86 million by 2025. This move comes as Bitcoin's price has surged to $95,978, and Genius Group also intends to secure up to $20 million in loans to further its investment strategy. The company recently made a $5 million purchase, bringing its total Bitcoin holdings to 372 BTC.
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Similar markets
No • 50%
Yes • 50%
Yes • 50%
No • 50%
More than $2 billion • 25%
$1.5 billion to $2 billion • 25%
No funding raised • 25%
Less than $1.5 billion • 25%
