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Genius Group Limited has announced a strategic rights offering to bolster its Bitcoin treasury. By issuing rights to its shareholders effective January 24 each shareholder is entitled to purchase shares at a significant discount aiming to raise up to $33 million. This move underscores the company’s commitment to a Bitcoin-first approach enhancing its financial agility in the cryptocurrency market.
The offering promises additional purchasing options through an over-subscription right allowing shareholders to buy extra shares beyond their basic entitlement. This initiative not only incentivizes current investors but also aims to attract new shareholders who wish to leverage potential gains in the thriving crypto economy.
With plans to expand its Bitcoin holdings from $45 million to an impressive $100 million the company is setting a robust example in the integration of cryptocurrency into traditional business models. The targeted increase through rights sales and potential loans reflects a confident stride towards a dominant Bitcoin treasury position.