On January 14, COINOTAG News reported that Genius Group (NYSE American: GNS), an artificial intelligence firm, has initiated a plan to offer $33 million in common stock. The primary goal of this offering is to bolster the company’s Bitcoin treasury, as all net proceeds will be allocated entirely towards the acquisition of Bitcoin. In parallel, Genius Group is also exploring additional debt financing options, aiming to secure up to $20 million.
If successful, these financial maneuvers could enhance the company’s Bitcoin reserves significantly, raising their value from approximately $35 million to an impressive $86 million. This strategic move reflects a growing trend among tech companies to integrate digital assets into their balance sheets. Furthermore, Genius Group has scheduled a live webcast and investor conference call on January 15, 2025, to provide detailed insights regarding the stock offering and its implications for investors.