$12.5M Offering Seeks to Rebuild Genius Group's $827M Bitcoin Treasury
Genius Group, an AI-powered education company, has proposed a $12.5 million perpetual preferred offering to restart its Bitcoin treasury. The goal is to build a treasuries worth $827 million by fiscal year 2031.
The first raise would cover just 1.51% of the target amount, leaving at least $814.5 million still to finance before any non-Bitcoin allocations. However, even this initial raise will be split among three different funds: Bitcoin treasury, an AI portfolio, and a dollar reserve equal to about 18 months of preferred dividends.
Genius Group expects the proposed security to be non-convertible and to pay a variable rate monthly, but has not determined the issue price or other key terms. The company's plan begins from zero after it sold its remaining Bitcoin to pay off debt, leaving behind $2.42 million in cash.