Genius Group Plans $33 Million Bitcoin Offering

Genius Group, an artificial intelligence and education company, has announced a $33 million rights offering aimed at increasing its Bitcoin treasury, with all proceeds dedicated to purchasing Bitcoin. The company's current holdings stand at approximately $35 million, and if the offering and additional loan financing of up to $20 million are successful, total Bitcoin reserves could rise to $86 million. The rights offering allows existing shareholders to purchase shares at a subscription price of $0.50, with trading expected to begin on January 23, 2025. This move follows a trend among companies increasing their Bitcoin holdings, inspired by the strategies of firms such as MicroStrategy. The company will hold a webcast to discuss the offering further on January 15, 2025. The offering process is subject to SEC regulations and will be executed via a prospectus supplement.