Genius Group Plans $100 Million Bitcoin Holdings with Rights Offering

Genius Group, an AI-driven education company, announced on Friday a rights offering designed to expand its Bitcoin holdings to $100 million. In a recent announcement, the company revealed a rights offering aimed at boosting its digital asset portfolio.

But what exactly does this mean for shareholders and the company’s growth prospects? Read on to learn more about this offering.

How the Rights Offering Works for Shareholders

The rights offering gives existing shareholders the chance to buy additional ordinary shares at a discounted price of $0.50 per share. Shareholders who were on record as of January 24, 2025, received one transferable right for each share they held. These rights can be used to purchase one new ordinary share at the subscription price.

Shareholders who fully exercise their rights can also buy any remaining unsubscribed shares, increasing their stake in the company. However, selling the rights will result in losing the ability to purchase additional shares.

Trading on the NYSE: Key Dates to Know

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

Bitcoin Treasury Expansion

Genius Group plans to use 100% of the proceeds from the rights offering to purchase Bitcoin for its Bitcoin Treasury. If fully subscribed, the offering is expected to raise up to $33 million.

The company also aims to secure up to $22 million in additional loan financing, which would increase its Bitcoin holdings from approximately $45 million to $100 million.

One step closer to the goal

In November, Genius Group announced plans to allocate 90% or more of its reserves to Bitcoin, aiming for $120 million in total holdings. If both the rights offering and loan financing are fully subscribed, the company will have reached over 80% of that target.

Genius Group’s continued push into Bitcoin shows a strategic commitment to innovation! We’ll keep you updated on the progress.