Genius Group Approves $33M Rights Offering to Boost Bitcoin Treasury
- Genius Group Limited has approved a $33 million rights offering to enhance its Bitcoin Treasury.
- The company aims to increase its Bitcoin reserves from $35 million to up to $86 million.
- Shareholders as of January 24, 2025, will receive one right per share, allowing them to subscribe at $0.50 per share.
- The rights will trade under the symbol “GNS RTWI” starting January 23, 2025, and “GNS RT” from January 27, 2025, until February 13, 2025.
- CEO Roger Hamilton plans to purchase an additional 6.8 million shares through the offering.
This strategic move aligns with Genius Group’s “Bitcoin-first” policy and could significantly bolster its Bitcoin holdings by leveraging the rights offering and potential loan financings.
