The post Genius Group Plans $33 Million Rights Issue to Boost Bitcoin Reserves to $100 Million appeared on BitcoinEthereumNews.com.

On January 31, Genius Group, a publicly traded entity on the New York Stock Exchange, announced a strategic rights issue aimed at bolstering its financial position with a focus on Bitcoin acquisitions. The initiative is expected to generate a maximum yield of approximately $33 million, which will be earmarked for the purchase of additional Bitcoin. Furthermore, the company has outlined plans to secure an extra $22 million through loan financing, enhancing its liquidity. Should both the rights issue and the loan be successfully executed, Genius Group’s total Bitcoin holdings are poised to expand significantly, rising from $45 million to an impressive $100 million. This move underscores the firm’s commitment to strengthening its cryptocurrency portfolio amidst evolving market dynamics. Source: https://en.coinotag.com/breakingnews/genius-group-plans-33-million-rights-issue-to-boost-bitcoin-reserves-to-100-million/

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Filed under: News - @ January 31, 2025 7:25 pm