Genius Group(GNS)

Search documents
Genius Group increases Bitcoin Treasury to total purchase of 420 Bitcoin for $40 million.
Globenewswire· 2025-01-21 13:00
Core Viewpoint - Genius Group Limited has increased its Bitcoin purchases to a total of $40 million, acquiring 420 Bitcoin at an average price of $95,912 per Bitcoin, as part of its "Bitcoin-first" strategy [1][2]. Group 1: Bitcoin Strategy - The company announced its "Bitcoin-first" strategy on November 12, 2024, committing to hold 90% or more of its current and future reserves in Bitcoin, with an initial target of $120 million in Bitcoin [2]. - The total Bitcoin purchase of $40 million was made within three months of the initial strategy announcement [2]. Group 2: Financing and Investor Engagement - Genius Group has funded its Bitcoin purchases through reserves, an ATM facility, and $19 million in debt financing from Arch Lending [2]. - An investor call was held on January 15, 2025, regarding a planned rights offering to raise up to $50 million for additional Bitcoin purchases, pending the filing of a prospectus supplement [3]. Group 3: Company Overview - Genius Group is a Bitcoin-first business that provides AI-powered education and acceleration solutions, serving 5.4 million users across over 100 countries [3]. - The company operates through its Genius City model and an online digital marketplace offering AI training, tools, and talent [3].
Genius Group Announces Investor Call to Discuss Rights Issue and Bitcoin Treasury Strategy
Globenewswire· 2025-01-15 15:16
Core Viewpoint - Genius Group Limited is conducting an investor call to discuss its rights issue, Bitcoin Treasury Strategy, and outlook for 2025 [1] Company Overview - Genius Group is a Bitcoin-first education group that leverages AI to provide education and acceleration solutions [2] - The company serves 5.4 million users across over 100 countries through its Genius City model and online digital marketplace [2] - Genius Group offers personalized AI pathways that integrate human talent with AI skills and solutions for individuals, enterprises, and governments [2]
Genius Group announces $33 Million Rights Offering to increase Bitcoin Treasury
Globenewswire· 2025-01-14 14:18
Rights Offering Details - The company has approved a $33 million rights offering for its ordinary shares, with 100% of net proceeds to be used to purchase Bitcoin for its Bitcoin Treasury [1] - Each shareholder will receive one transferable right for each ordinary share held on January 24, 2025, with the number of Rights rounded up to the nearest whole number [5] - Each Right entitles the holder to purchase one ordinary share at a subscription price of $0.50 per share [5] - Rights holders who fully exercise their Basic Subscription Rights can subscribe for additional unsubscribed shares on a pro rata basis [5] - Rights holders can sell their Rights, with trading expected to begin on January 23, 2025, under the symbol "GNS RTWI" and continue until February 13, 2025 [5] - The Rights Offering expires at 4:30 p.m. Eastern Time on February 14, 2025, unless extended [5] Founder and Management Participation - The Founder and CEO, Roger Hamilton, intends to acquire 500,000 additional shares, following the purchase of 500,000 shares on October 8, 2024, with the remaining 500,000 shares to be purchased on January 15, 2025 [2] - Following the acquisition, Mr. Hamilton will own approximately 6.8 million shares, representing 10.3% of the company's 66 million issued shares [8] - Mr. Hamilton has notified the company that he will fully subscribe to his rights under the Rights Offering, amounting to rights for an additional 6.8 million shares [8] Use of Funds and Bitcoin Treasury - The company plans to use 100% of the net proceeds from the Rights Offering to purchase Bitcoin for its Bitcoin Treasury, with anticipated proceeds of up to $33 million if fully subscribed [5] - The company also plans to pursue additional loan financings of up to $20 million, which, if successful, would increase the Bitcoin Treasury from approximately $35 million to $86 million [5] Investor Call and Webcast - The company will hold a live webcast and investor call on January 15, 2025, at 5:00 p.m. Eastern Time to discuss the Rights Offering, 2025 outlook, and Bitcoin Treasury strategy [13] Company Overview - Genius Group is a Bitcoin-first business delivering AI-powered education and acceleration solutions, serving 5.4 million users in over 100 countries through its Genius City model and online digital marketplace [14]
Genius Group increases Bitcoin Treasury to $35 million, ahead of schedule towards $120 million target.
Globenewswire· 2025-01-10 13:00
SINGAPORE, Jan. 10, 2025 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading AI-powered, Bitcoin-first education group, today announced that it had increased its Bitcoin purchases for its Bitcoin Treasury by an additional $5 million to 372 Bitcoin for $35 million, at an average price of $94,047 per Bitcoin. The total purchase of $35 million of Bitcoin has been made within two months of the Company’s announcement on November 12 of its “Bitcoin-first” str ...
Genius Group increases Bitcoin Treasury by 50% to $30 million, reports 1,649% BTC Yield in Q4 2024
Newsfilter· 2024-12-30 13:00
SINGAPORE, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE:GNS) ("Genius Group" or the "Company"), a leading AI-powered, Bitcoin-first education group, today announced that it had increased its Bitcoin purchases for its Bitcoin Treasury by an additional $10 million to 319.4 Bitcoin for $30 million, at an average price of $93,919 per Bitcoin. The total purchase of $30 million of Bitcoin has been made within six weeks of the Company's announcement on November 12 of its "Bitcoin-first" strategy th ...
Genius Group Announces 177% Net Asset Growth in First Half of 2024
Globenewswire· 2024-12-27 22:15
Genius Group increases Net Asset Value to $54.6 million, reduces net loss per share by 74% in First Half of 2024. Provides guidance of $75 million net asset value for Full Year with growth in Bitcoin Treasury. SINGAPORE, Dec. 27, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading AI-powered, Bitcoin-first education group, today announced its financial results for the first half of 2024. “Following a rationalization of our operations in the first h ...
Genius Group increases Bitcoin Treasury to total purchase of 214 Bitcoin for $20 million
Globenewswire· 2024-12-17 13:00
Core Insights - Genius Group Limited has increased its Bitcoin purchases by an additional $2 million, bringing its total Bitcoin holdings to 214 Bitcoin, valued at $20 million, with an average purchase price of $93,586 per Bitcoin [1][2]. Group 1: Bitcoin Strategy - The company has committed to a "Bitcoin-first" strategy, aiming to hold 90% or more of its current and future reserves in Bitcoin, with an initial target of $120 million in Bitcoin [2]. - The total purchase of $20 million in Bitcoin occurred within a month of announcing this strategy [2]. Group 2: Educational Initiatives - Genius Group is launching the Genius Bitcoin Academy and Genius Blockchain Academy, which will offer microcourses, microdegrees, and certifications starting in January 2025 [3]. - The educational platform will feature contributions from authors, experts, and podcasters from the global Bitcoin and Blockchain communities [3]. Group 3: Partnerships and Technology - The company has partnered with UK-based Applied Blockchain to develop a next-generation edtech platform, integrating student credits linked to the value of Satoshis and certifications on the Lightning Network [4]. - The Lightning Network will enable smart contracts on a Bitcoin-based decentralized network [4]. Group 4: Industry Engagement - Genius Group is actively participating in various industry events as a title sponsor, including the FutureFi Summit and Bitcoin Investor Day, scheduled for 2025 [5][6]. - These sponsorships are part of the company's strategy to enhance its leadership position in the Bitcoin-first, AI-powered education sector [7]. Group 5: Growth and Capital Strategy - The company is focused on expanding its student base and faculty to prepare for future economies while building its Bitcoin Treasury [7]. - Genius Group is exploring various sources of capital, including commercial loans, to facilitate its Bitcoin purchases [7].
Is Amazon's Latest Move a Genius Tactic or a Huge Mistake?
The Motley Fool· 2024-12-17 10:11
Have you ever wished you could just buy a new car on Amazon? No? Well, Amazon (AMZN 2.40%) hopes that if that's the case, it can change your mind. And if you have been on its website and thought, "Why not cars, too?", you may be happy to learn that's about to become a reality.Amazon is piloting a new program selling cars on its platform, called, simply enough, Amazon Autos. Is this going to be a game-changer for the e-commerce king -- or a huge flop?What Amazon Autos can do for AmazonAmazon already sold alm ...
Genius Metals Enters Option Agreement to Acquire 100% Interest in Timarighine Copper Project, Kingdom of Morocco
GlobeNewswire News Room· 2024-11-13 12:30
MONTRÉAL, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Genius Metals Inc. (TSXV: GENI) (“Genius Metals” or the “Company”) is pleased to announce that on November 12, 2024 it has entered into an option agreement to acquire a 100% interest in the Timarighine Copper Project, located in the Kingdom of Morocco. This acquisition aligns with the Company’s strategy to explore and develop its Moroccan assets, including the Timarighine, Tifernine (permit 3842500) and BMR projects (permit 384330), while advancing its exploration ...
VERSES Welcomes Business Solutions Provider Prodigii to Genius™ Beta
GlobeNewswire News Room· 2024-11-06 13:00
VANCOUVER, British Columbia, Nov. 06, 2024 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE:VERS) (OTCQX:VRSSF) ("VERSES" or the "Company"), a cognitive computing company specializing in next generation intelligent systems, today announced a strategic partnership with goProdigii, LLC (“Prodigii”) as a member of VERSES Genius™ beta program (“Genius”). Prodigii aims to leverage Genius’ advanced predictive and inferencing capabilities to develop intelligent solutions with an emphasis on sustainability planning and com ...