🌎 Genius Group Launches $33 Million Bitcoin Treasury Expansion

Genius Group Announces $33 Million Rights Offering to Expand Bitcoin Treasury

Genius Group Limited, a company focused on Bitcoin education, is launching a $33 million rights offering to bolster its Bitcoin reserves. The offering, set to commence on January 23, 2025, will allow existing shareholders to purchase additional shares at $0.50 each. Proceeds from the offering will be used entirely for Bitcoin purchases.

How the Rights Offering Works

Each shareholder will receive one transferable right for every share they hold as of January 24, 2025. These rights will enable shareholders to buy shares at the set price and, if fully exercised, give them the option to purchase any remaining unsubscribed shares. Shareholders who choose not to use their rights can sell them on the NYSE American, with trading set to begin on January 23, 2025. The rights offering will close on February 14, 2025.

Genius Group’s Bitcoin Embrace

The move is part of Genius Group’s plan to increase its Bitcoin holdings. If fully subscribed, the offering would raise $33 million, boosting the company’s Bitcoin reserves from $35 million to $68 million. Additionally, the company aims to secure up to $20 million in loans, which could push its Bitcoin Treasury to $86 million.

Founder and CEO Roger Hamilton plans to purchase 500,000 additional shares as part of a prior agreement and has committed to fully subscribing to his rights in the offering. His shareholding could rise to over 10% of the company’s total shares.

Bitcoin as a Key Component of Financial Strategy

Genius Group, which integrates AI solutions into education, views Bitcoin as a key component of its financial strategy. CEO Roger Hamilton has compared the company’s approach to that of other publicly traded firms that have adopted Bitcoin as a reserve asset, emphasizing its potential as a “store of value” in the digital economy.

Tips for investors considering Bitcoin and other cryptocurrencies:

Understand the company’s financial strategy and how cryptocurrencies fit into it.
Research the company’s plans for cryptocurrency adoption and integration.
Consider the potential risks and rewards of investing in companies with cryptocurrency exposure.