Genius Group plans to raise up to $55 million through a share placement to increase its Bitcoin holdings

2025-02-01 08:23:27

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ChainCatcher news, according to GlobeNewswire, the NYSE-listed company Genius Group announced a rights offering to shareholders, with the net proceeds from the offering to be used entirely for the purchase of Bitcoin, with expected proceeds of up to $33 million.

In addition, the company plans to seek up to $22 million in additional loan financing. If the rights offering and loan financing are successful, Genius Group's Bitcoin reserves will increase from $45 million to $100 million.

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