Genius Group shares surge 19.12% intraday after selling 96 Bitcoin to cut debt and raise $7 million.
ByAinvest
Friday, Feb 6, 2026 12:43 pm ET1min read
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Genius Group surged 19.12% intraday after disclosing the sale of 96 Bitcoin between late December 2025 and early February 2026 to raise approximately $7 million and reduce its Bitcoin-backed loan. The company sold the cryptocurrency at an average price of $73,238 per BTC, with proceeds aimed at deleveraging its balance sheet. This strategic move to cut debt and improve liquidity aligns with positive investor sentiment, as evidenced by the sharp intraday rally. The transaction underscores management’s focus on strengthening financial stability, a factor typically viewed favorably by markets.
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