Official announcements from Genius Group or financial disclosures

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.