Genius Group Approves $33M Rights Offering for Bitcoin Purchase

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Genius Group Limited, a company listed on NYSE American (symbol GNS) that specializes in AI-driven Bitcoin education, has received approval for a $33 million fundraising round. The funds will be used to reinforce their Bitcoin holdings in accordance with their “Bitcoin-centric” business approach.

Through this action, their Bitcoin holdings could potentially grow from $35 million to a maximum of $86 million, contingent on the tier of the offering’s subscription and any supplementary loan financing secured.

Genius Group Greenlights $33M Rights Offering for Bitcoin Buying

Based on the rights offering, Genius Group shareholders as of January 24, 2025, will receive one right for each share they own, which can be transferred to others. Each right allows the holder to purchase one ordinary share at a price of $0.50. If other shareholders choose not to exercise their rights, those who applied first may acquire additional shares. This action is being undertaken during the recovery of Bitcoin prices, with bulls leading the market and BTC trading at $95,978, a 4% increase from its daily low.

Starting January 23, 2025, the rights will begin trading as “GNS RTWI” on the NYSE American on a when-issued basis. Regular trading under the symbol “GNS RT” will start from January 27, 2025, and continue until February 13, 2025. The offering is set to conclude at 11:30 p.m. Eastern Time on February 14, 2025, although the company has the option to extend this date if needed.

Roger Hamilton, head of Genius Group and its founder, has decided to fully take part in the share offering. He plans to acquire an extra 6.8 million shares using his options, thereby increasing his ownership in the company to roughly 10.3% of the total number of shares issued.

Bitcoin-First Strategy and Planned Treasury Expansion

Genius Group’s choice to use all the funds gathered from their offering for purchasing Bitcoin aligns with their strategy of prioritizing Bitcoin in their investment portfolio. Back in November 2024, they declared their intention to disburse 90% of their holdings as Bitcoin and aimed to establish an initial treasury worth $120 million in Bitcoin.

Over the past two months, our company has made its presence felt in the market, having invested a substantial amount of $35 million. Furthermore, we’ve acquired 372 Bitcoins at an average cost of approximately $94,047 per Bitcoin.

With funds raised from a rights offering and potential loans totaling up to $20 million, Genius Group aims to expand their Bitcoin Treasury, reaching a value of approximately $86 million. This financial move positions the company among a small group of publicly-traded entities that primarily invest their assets in Bitcoin.

Investor Call and Market Context for Bitcoin Prices

On January 15, 2025, at 5:00 p.m. Eastern Time, Genius Group is planning a real-time conversation with investors to share details about their upcoming offering and the strategies concerning their Bitcoin reserves.

The company intends to provide financial updates and share its 2025 outlook during this session.

The announcement comes at a time when the cryptocurrency market is experiencing increased volatility. Experts believe Bitcoin could soon reach $100,000 due to positive investor attitudes and lessening worries about inflation. Changpeng Zhao, founder of Binance, recently expressed on social media that price drops offer chances for smart Bitcoin investments.

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2025-01-15 07:42