Genius Group announces $33 Million Rights Offering to increase Bitcoin Treasury
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Genius Group Limited (NYSE American: GNS) has announced a $33 million rights offering to increase its Bitcoin Treasury. The proceeds will be used entirely to purchase Bitcoin, reflecting the company's Bitcoin-first strategy.
January 14, 2025 | 2:30 pm
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Genius Group Limited is conducting a $33 million rights offering to increase its Bitcoin Treasury, with all proceeds dedicated to purchasing Bitcoin. This move aligns with its Bitcoin-first strategy.
The rights offering is a significant financial action that could impact GNS's stock price positively in the short term due to increased investor interest in its Bitcoin strategy. The move aligns with the company's focus on Bitcoin, potentially attracting investors interested in cryptocurrency.
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IMPORTANCE 80
RELEVANCE 100