Genius Group Targets $100 Million Bitcoin Treasury Expansion
- Genius Group plans to expand its Bitcoin treasury to $100 million.
- A rights offering allows shareholders to buy shares at $0.50 each, expiring February 14, 2025.
- The rights are trading under the symbol “GNS RT” until February 13, 2025.
- If fully subscribed, the rights offering could raise up to $33 million.
- The company aims for additional loan financing of up to $22 million.
Genius Group is pursuing a strategy to increase its Bitcoin holdings from approximately $45 million to $100 million through a combination of a rights offering and additional loans. The initiative includes offering shares at a discounted price and securing further financing.
Source (2.6)https://cryptobriefing.com/bitcoin-treasury-expansion-genius-group-2/?rand=59535