Genius Group maps out $2B asset strategy around AI, Bitcoin
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5 Articles
After selling all its Bitcoin to pay off debt, AI firm tries to rebuild $827 million treasury from scratch
The proposed preferred raise covers 1.51% of the target before AI allocations and an 18-month dividend reserve. The post After selling all its Bitcoin to pay off debt, AI firm tries to rebuild $827 million treasury from scratch appeared first on CryptoSlate.
Genius Group Sets $2B Dual AI And Bitcoin Treasury Target
Genius Group has announced a new plan to buy bitcoin — just months after selling its entire stash. The NYSE-listed AI-powered education company said in a Thursday statement that it was aiming to build parallel AI and bitcoin treasuries worth a combined $1.6 billion, with total company assets targeted at $2 billion by fiscal year 2031. Just in April, Genius Group sold its entire bitcoin reserves to repay $8.5 million in debt. The sale came as a…
ChainCatcher reports, citing Globenewswire, that Singapore-based Genius Group has announced a capital plan to fund its dual treasuries, approved by its board. The goal is to achieve total assets of $2 billion by fiscal year 2031, with $800 million targeted for the AI Treasury and $827 million for the Bitcoin Treasury. The capital plan aims to maximize net asset value per share (NAVPS) and minimize dilution of common shareholders' equity by utili…
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