Genius Group Revives Bitcoin Strategy with Preferred Stock Raises
Genius Group is rebuilding its Bitcoin strategy after selling off its entire crypto reserve just months ago to pay down debt. The NYSE-listed education company wants to create a parallel Bitcoin and artificial intelligence treasuries, with combined value of $1.6 billion by fiscal year 2031.
The company plans to use Perpetual Preferred Securities as the main funding source for future treasury purchases, starting with an initial $12.5 million raise under its $1.2 billion SEC-cleared shelf registration.
Genius Group adopted a 'Bitcoin first' strategy in late 2024, but was forced to reduce its position after a court order restricted fundraising and share issuance.