Genius Group (GNS) Announces $1.2 Billion Capital Plan for AI and Bitcoin Treasury
Genius Group (GNS) has unveiled a capital strategy that includes a $1.2 billion shelf registration to fund its AI and Bitcoin treasuries. The company plans an initial offering of Perpetual Preferred Securities (PPS) targeting $12.5 million, with proceeds intended for treasury investments and dividend reserves. Management stated the strategy aims to avoid dilution for ordinary shareholders. The company also reported a 57% year-on-year increase in book value to $106.6 million and noted significant valuation gains in its AI-related holdings. Final terms, timing, and dividend rates for the proposed securities remain subject to board approval and market conditions. Price: $0.1800 Why it matters: The company is attempting to pivot its balance sheet toward AI and Bitcoin assets, though the proposed financing is currently a plan rather than a completed transaction.