Genius Group Doubles Down on Bitcoin Strategy, Plans to Expand Holdings to $100M

Genius Group, an AI-powered education company, is doubling down on its Bitcoin strategy. The company announced Friday a rights offering and plans for additional loans to expand its Bitcoin holdings to $100 million.

Education technology company Genius Group is increasing its Bitcoin strategy by announcing a rights offering and plans for additional loans to boost its BTC holdings to $100 million.

According to an announcement on Friday, the rights offering gives existing shareholders the chance to buy additional ordinary shares at a discounted price of $0.50 per share.

Shareholders of record as of January 24, 2025 will receive one transferable right for each share they hold, which can be exercised to purchase one new ordinary share at the subscription price.

Shareholders who fully exercise their basic subscription rights will be able to subscribe for any additional shares that remain unsubscribed, allowing interested investors to potentially increase their stake in the company. However, shareholders who sell any of their rights will not be eligible for the oversubscription privilege.

The rights are currently trading on the NYSE American under the symbol “GNS RT” and will continue to trade until February 13, 2025.

The company intends to use all net proceeds from the rights offering to expand its Bitcoin treasury, which currently holds about $45 million. If fully subscribed, the offering is expected to raise up to $33 million.

Genius Group also aims to secure additional loan financing of up to $22 million, potentially increasing its Bitcoin holdings from approximately $45 million to $100 million.

Last November, Genius Group first announced plans to allocate 90% or more of its reserves to Bitcoin, with an initial target of $120 million. If both the rights offering and the loan financing are fully subscribed, the company will achieve over 80% of its goal.