Genius Group to Expand Bitcoin Holdings With $33 Million Rights Issue

Genius Group to Expand Bitcoin Holdings With $33 Million Rights Issue

Genius Group, a leader in AI-based educational technology, is making waves with its latest financial strategy. The company has announced a $33 million rights offering, with plans to invest 100% of the net proceeds into acquiring more Bitcoin, solidifying its position in the cryptocurrency market.

Bitcoin is Genius Group’s Favorite Investment Asset

Genius Group’s commitment to Bitcoin as a key investment asset continues to grow. The company has structured a rights offering, set to begin on January 24, allowing shareholders to purchase one ordinary share at $0.50 per share. The initiative underscores the company’s strategic focus on building its Bitcoin treasury.

In addition to the rights offering, Genius Group plans to pursue loan financings of up to $20 million. If the company successfully raises the maximum amount through these efforts, its Bitcoin treasury will expand from approximately $35 million to $86 million. This significant increase aligns with its ultimate goal of holding $120 million worth of Bitcoin.

Scaling Bitcoin Holdings and Business Reach

This financial maneuver is part of Genius Group’s broader “Bitcoin First” strategy. Recently, the company announced a $5 million Bitcoin purchase, bringing its total holdings to 372 BTC at an average acquisition price of $94,047 per Bitcoin, with an estimated value of $35 million.

The expansion of its Bitcoin holdings complements Genius Group’s operational reach. The company serves 5.4 million people across more than 100 countries, leveraging its Genius City model and an online digital marketplace for AI-driven talent, training, and tools.

Strategic Implications of the Rights Offering

The $33 million rights issue is expected to provide Genius Group with the financial leverage to:

1. Enhance Its Bitcoin Treasury: Strengthen its position as a Bitcoin-focused entity in the tech space.

2. Support Future Growth: Secure additional funding through loan financings to achieve its $120 million Bitcoin treasury target.

3. Expand Global Influence: Align its cryptocurrency strategy with its AI education platform to attract more stakeholders worldwide.

By pursuing a “Bitcoin First” approach, Genius Group positions itself as a forward-thinking organization, capitalizing on the growth potential of cryptocurrency to support its mission in AI education and innovation.