Genius Group Plans $33 Million Stock Offering To Boost Bitcoin Reserves

According to BlockBeats, on January 14, artificial intelligence company Genius Group (NYSE American: GNS) announced that its board has approved a plan to proceed with a $33 million stock offering. The net proceeds from this offering will be entirely used to purchase Bitcoin for the company's treasury. In addition, Genius Group intends to seek additional loan financing, with a total amount of up to $20 million. If the company successfully raises the maximum amount through the stock offering and additional loans, its Bitcoin reserves will increase from approximately $35 million to $86 million. The company has scheduled a live webcast and investor conference call on January 15, 2025, to discuss the stock offering details.