Genius Group Seeks to Rebuild Bitcoin Treasury with Strategy's STRC Playbook
Genius Group, an education company based in Singapore, has cleared a legal hurdle to raise capital for its ambitious plans to expand its Bitcoin and artificial intelligence treasuries.
The US Court of Appeals for the Second Circuit vacated a preliminary injunction that had restricted Genius's ability to issue shares, raise capital, and purchase Bitcoin. This order removes the injunction as applied to the company and sends the dispute back to the Southern District of New York.
Genius plans to use permanent capital to expand its exposure to both Bitcoin and AI, with a five-year plan targeting an $827 million Bitcoin treasury and an $800 million AI portfolio. The total assets are projected to reach $2 billion by fiscal 2031.
The company's CEO, Roger James Hamilton, said that Genius believes Bitcoin and AI are entering new growth cycles and will use preferred shares as a key component of its strategy. This approach, modeled after Michael Saylor's Strategy use of Bitcoin-backed preferred securities like STRC, aims to raise capital without relying solely on common-stock issuance.
Genius plans to issue $1.2 billion of these securities, with the proceeds divided among Bitcoin purchases, AI investments, and a cash reserve covering roughly 18 months of preferred dividends.