Genius Group Limited, a Bitcoin-focused education company, announced a $33 million rights offering to expand its Bitcoin treasury.

The offering will allow existing shareholders to purchase additional shares at $0.50 each, with the proceeds Fully customizedr for bitcoin (Bitcoin) purchases, according to a company statement.

Each shareholder will receive one transferable right for every share he or she owns as of January 24, 2025. These rights will enable shareholders to purchase shares at the specified price and, if fully exercised, will give them the option to purchase any remaining unsubscribed shares.

Shareholders who choose not to exercise their rights can sell them on the New York Stock Exchange, with trading scheduled to begin on January 23, 2025. The rights offering will close on February 14, 2025.

Embrace Bitcoin from Genius Group

The move is part of the Genius Group Plan to increase Its Bitcoin holdings. If fully subscribed, the offering would raise $33 million, boosting the company's bitcoin reserves from $35 million to $68 million. Additionally, the company aims to secure up to $20 million in loans, which could push its Bitcoin treasury to $86 million.

Founder and CEO Roger Hamilton plans to purchase an additional 500,000 shares as part of a advance agreement and is committed to fully subscribing to his rights in the offering, according to the statement. It is possible that his share will rise to more than 10% of the company's total shares.

Genius Group, which integrates AI solutions into education, views Bitcoin as a key component of its financial strategy. CEO Roger Hamilton He compared the company's approach Compared to other publicly traded companies that have adopted Bitcoin as a reserve asset, emphasizing its potential as a “store of value” in the digital economy.

The company's "Bitcoin-first" strategy aligns with its plans to integrate blockchain technology into its AI-powered educational platforms. These plans include implementing on-chain certificates and reward systems using Bitcoin's Lightning network.