Genius Group increases Bitcoin Treasury to total purchase of 420 Bitcoin for $40 million.
21 Enero 2025 - 7:00AM
Genius Group Limited (NYSE American: GNS) (“Genius Group” or the
“Company”), a leading AI-powered, Bitcoin-first education group,
today announced that it had increased its Bitcoin purchases for its
Bitcoin Treasury by an additional $5 million to 420 Bitcoin for $40
million, at an average price of $95,912 per Bitcoin.
The total purchase of $40 million of Bitcoin has
been made within three months of the Company’s announcement on
November 12, 2024 of its “Bitcoin-first” strategy that it is
committing 90% or more of its current and future reserves to be
held in Bitcoin, with an initial target of $120 million in Bitcoin.
To date, the company has funded its Bitcoin purchases from its
reserves, use of its ATM facility and $19 million in debt financing
with crypto-backed loan platform Arch Lending.
The company held an investor call on January 15,
2025 related to its planned rights offering to raise up to $50
million in additional financing to purchase Bitcoin for its Bitcoin
Treasury, pending filing of its prospectus supplement. The
recording, presentation and script may be found by visiting
https://ir.geniusgroup.net/
About Genius Group
Genius Group (NYSE: GNS) is a Bitcoin-first
business delivering AI powered, education and acceleration
solutions for the future of work. Genius Group serves 5.4 million
users in over 100 countries through its Genius City model and
online digital marketplace of AI training, AI tools and AI talent.
It provides personalized, entrepreneurial AI pathways combining
human talent with AI skills and AI solutions at the individual,
enterprise and government level. To learn more, please
visit www.geniusgroup.net.
For more information, please visit
https://www.geniusgroup.net/
Forward-Looking
Statements
Statements made in this press release include
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934. Forward-looking statements can be
identified by the use of words such as “may,” “will”, “plan,”
“should,” “expect,” “anticipate,” “estimate,” “continue,” or
comparable terminology. Such forward-looking statements are
inherently subject to certain risks, trends and uncertainties, many
of which the Company cannot predict with accuracy and some of which
the Company might not even anticipate and involve factors that may
cause actual results to differ materially from those projected or
suggested. Readers are cautioned not to place undue reliance on
these forward-looking statements and are advised to consider the
factors listed above together with the additional factors under the
heading “Risk Factors” in the Company's Annual Reports on Form
20-F, as may be supplemented or amended by the Company's Reports of
a Foreign Private Issuer on Form 6-K. The Company assumes no
obligation to update or supplement forward-looking statements that
become untrue because of subsequent events, new information or
otherwise. No information in this press release should be
construed as any indication whatsoever of the Company’s future
revenues, results of operations, or stock price.
ContactsMZ Group - MZ North America(949)
259-4987GNS@mzgroup.uswww.mzgroup.us
Genius (AMEX:GNS)
Gráfica de Acción Histórica
De Dic 2024 a Ene 2025
Genius (AMEX:GNS)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025