Nasdaq-listed Genius Group Plans Rights Offering to Increase Bitcoin (BTC) Holdings
Minseung Kang
Summary
- Genius Group announced plans to conduct a rights offering to purchase additional Bitcoin.
- Rights can be traded and exercised until the 14th, with plans to raise up to $33 million.
- All funds raised will be used to purchase Bitcoin, expanding Bitcoin holdings to $100 million.
Nasdaq-listed AI-based education company Genius Group has announced plans to conduct a rights offering to purchase additional Bitcoin.
On the 31st, Genius Group stated through its official channel, "We have issued rights to existing shareholders, which can be traded and exercised on the New York Stock Exchange (NYSE) under the ticker 'GNS RT' until the 14th of next month."
They added, "We plan to use 100% of the funds raised from the rights offering to purchase Bitcoin for our treasury," and "We expect to raise up to $33 million through the rights offering." Genius Group plans to expand its Bitcoin holdings to $100 million.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
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