Genius Group (NYSE American: GNS), an AI-powered education company with a focus on Bitcoin, has approved a $33 million rights offering aimed at increasing its Bitcoin Treasury to $86 million. This move is part of the company’s ongoing “Bitcoin-first” strategy, which has led to a significant shift in its financial strategy—placing a major emphasis on Bitcoin as a store of value.
Details of the Rights Offering
The rights offering allows Genius Group’s shareholders, as of January 24, 2025, to purchase one ordinary share for each share they currently hold at a price of $0.50. This move could significantly increase the company’s Bitcoin holdings, depending on the level of participation from shareholders and any additional loan financings.
The rights will be traded on the NYSE American under the ticker symbol “GNS RTWI” from January 23, 2025, and will officially end on February 14, 2025, unless extended by the company. The offering has been designed to raise funds specifically for Bitcoin acquisitions, aiming to increase the company’s Bitcoin reserves from $35 million to $86 million.
CEO’s Personal Investment
Roger Hamilton, CEO and founder of Genius Group, has committed to fully participating in the rights offering. He plans to purchase 6.8 million shares, which would increase his stake in the company to approximately 10.3%. His personal involvement underscores his confidence in the company’s Bitcoin strategy.
Bitcoin-First Strategy and Future Goals
This rights offering is part of Genius Group’s larger plan to build a Bitcoin-focused treasury. In a previous announcement, the company revealed its intention to allocate 90% of its reserves to Bitcoin, with a target of reaching a $120 million Bitcoin treasury.
As of now, the company has already invested $35 million, purchasing 372 Bitcoins at an average price of $94,047. With the proceeds from this offering and potential additional loan financing of up to $20 million, Genius Group is aiming to increase its total Bitcoin reserves to $86 million.
Market Context for Bitcoin
This announcement comes at a time of renewed optimism for Bitcoin, as its price recently surged to $95,978, a 4% increase from its earlier low. Experts are predicting that Bitcoin could soon surpass the $100,000 mark, driven by decreasing inflation concerns and growing investor sentiment.
Genius Group is positioning itself at the forefront of this trend, making strategic investments in Bitcoin while other companies remain more cautious in their approach.
Investor Call
Genius Group will hold a live investor call on January 15, 2025, to discuss the offering and provide insights into its Bitcoin treasury expansion plans. Investors can expect updates on the company’s 2025 outlook and how it plans to leverage its Bitcoin holdings in the near future.
The Bitcoin-first strategy of Genius Group makes it one of the few public companies actively shifting the majority of its assets into Bitcoin, positioning itself as a significant player in the growing cryptocurrency market.
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