
Genius Group Plans to Expand Bitcoin Holdings to $100 Million Through $33 Million Rights Offering and Up to $55 Million in Equity and Loans
Genius Group, a publicly traded company, has announced plans to expand its Bitcoin holdings to $100 million. The company aims to achieve this through a combination of equity and loans, launching a rights offering to raise $33 million specifically for Bitcoin purchases. Additionally, there are indications that Genius Group may seek to raise up to $55 million in total for its Bitcoin investments. This move reflects the company's strategy to grow its Bitcoin treasury significantly.
Sources
SwanJUST IN: Publicly traded Genius Group to raise up to $55 million to buy more #Bitcoin 💪 https://t.co/cWXNBkwHvb
Bitcoin MagazineJUST IN: 🇸🇬 Publicly traded Genius Group to raise $33 million to buy more #Bitcoin https://t.co/i7D32JR6ZT
Cointelegraph🔥 LATEST: Genius Group launches a rights offering to raise $33M for #Bitcoin purchases, aiming to grow its $BTC treasury to $100M. https://t.co/2VsAmslv1d
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