{"id":45304,"date":"2025-01-14T16:56:50","date_gmt":"2025-01-14T16:56:50","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/genius-group-to-raise-33m-to-buy-more-btc\/"},"modified":"2025-01-14T16:56:50","modified_gmt":"2025-01-14T16:56:50","slug":"genius-group-to-raise-33m-to-buy-more-btc","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/genius-group-to-raise-33m-to-buy-more-btc\/","title":{"rendered":"Genius Group to raise $33m to buy more BTC"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bitcoin-btc-coins-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bitcoin-btc-coins-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bitcoin-btc-coins-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/bitcoin-btc-coins-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Genius Group has announced a $33 million rights offering.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The company will use net proceeds from the sale to buy Bitcoin.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Genius Group holds $35 million in BTC and could see holdings rise to $86 million with plans for additional $20 million loan.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Publicly-listed artificial intelligence firm Genius Group plans to raise $33 million to buy additional Bitcoin (BTC) as part of its BTC treasury.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Genius Group <a href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/01\/14\/3009406\/0\/en\/Genius-Group-announces-33-Million-Rights-Offering-to-increase-Bitcoin-Treasury.html\" target=\"_blank\" rel=\"noopener\">announced<\/a> on Jan. 14 that the company\u2019s board of directors had approved a rights offering plan for $33 million. The company will use net proceeds from the shares sale to purchase more Bitcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As well as the rights offering, Genius Group is eyeing further financing, with one or more loan options aggregating to $20 million on the table. The company\u2019s current BTC treasury stands around $35 million, which means successful raises from the offering and via the loans option could see Genius Group\u2019s total Bitcoin haul rise to $86 million.<\/span><\/p>\n<h2>Bitcoin strategy<\/h2>\n<p><span style=\"font-weight: 400\">AI-powered Genius Group\u2019s move to add to its Bitcoin treasury comes amid a broader surge in public and private companies buying BTC to add to their balance sheets. This trend picked momentum in 2024 following major expansion efforts by the leading corporate holder of BTC MicroStrategy.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Having inspired other companies like Metaplanet, KULR Technologies and multiple Bitcoin mining companies, MicroStrategy\u2019s playbook is now a major talking point in boardrooms. Nasdaq-listed Heritage Distilling recently <a href=\"https:\/\/coinjournal.net\/news\/nasdaq-listed-heritage-distilling-adopts-bitcoin-strategy\/\">adopted the Bitcoin strategy<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Despite shareholders of Microsoft down voting a proposal that sought to have the tech giant add BTC to its treasury, experts are upbeat tha its early days. Meta is <a href=\"https:\/\/x.com\/GeniusGroupLtd_\/status\/1878718215502561443\" target=\"_blank\" rel=\"noopener\">facing<\/a> a similar proposal.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The approval of spot Bitcoin exchange-traded funds in the U.S., with BlackRock\u2019s IBIT currently holding billions of dollars in BTC is another big development in the past year. <\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/genius-group-to-raise-33m-to-buy-more-btc\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Genius Group has announced a $33 million rights offering. The company will use net proceeds from the sale to buy Bitcoin. Genius Group holds $35 million in BTC and could see holdings rise to $86 million with plans for additional $20 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":45305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/45304"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=45304"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/45304\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/45305"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=45304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=45304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=45304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}