Genius Group Boosts Bitcoin Treasury with $100M Rights Offering

Genius Group, a pioneering AI-driven education company, has unveiled a strategic move to expand its Bitcoin treasury through a rights offering. The company aims to raise up to $100 million to bolster its cryptocurrency holdings, demonstrating a significant commitment to the digital asset class.

The rights offering, announced on Friday, provides existing shareholders the opportunity to purchase additional ordinary shares at a discounted price of $0.50 per share. Shareholders of record as of January 24, 2025, received one transferable right for each share they held, enabling them to purchase one new ordinary share at the subscription price. Shareholders who fully exercise their basic subscription rights will have the opportunity to subscribe to 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 forfeit their eligibility 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 plans to use 100% of the net proceeds of the Rights Offering to purchase Bitcoin for its Bitcoin Treasury. If the Rights Offering is fully subscribed, the proceeds are expected to be up to $33 million.

In addition to the rights offering, Genius Group aims to secure additional loan financing of up to $22 million. This strategic move could potentially increase the company's Bitcoin holdings from approximately $45 million to $100 million. Notably, last November, Genius Group announced plans to allocate 90% or more of its reserves to Bitcoin, with a target of $120 million. If the rights offering and loan financing are fully subscribed, the company will reach over 80% of that goal.