Genius Group has announced a new plan to buy bitcoin — just months after selling its entire stash.
AI Education Company Listed on the NYSE said In a statement released on Thursday, the company said it aimed to create parallel AI and Bitcoin treasuries totaling $1.6 billion. The assets of the entire business are expected to reach $2 billion in fiscal year 2031.
Genius Group is celebrating April with a special offer sold It sold its bitcoins to pay $8.5 million of debt. This sale was made as several digital assets treasuries went into liquidation. struggling Due to the drop in cryptocurrency prices.
“Every dollar of preferred capital deployed into our bitcoin and AI Treasury that generates returns above the preferred dividend rate flows directly to our ordinary shareholders’ net asset value,” Roger James Hamilton is the CEO of Genius Group.
Genius Group was the first company to use a “Bitcoin first” In late 2024 we will implement our strategy, and build a position of 440 BTC in February 2025.
That effort was disrupted when a court order blocked the company from raising funds or issuing shares, forcing a series of sales that reduced its holdings — including roughly 86 BTC sold in a single month, leaving about 84 BTC by February 2026.
The remaining bitcoin has been sold and the company will use all proceeds to pay off $8.5 Million in debt. Genius Group is said to have lost money on the liquidation.
Against that backdrop, the company is now proposing to rebuild a bitcoin treasury — this time alongside a similarly sized AI treasury — funded not through equity sales but through a new preferred stock offering.
Genius Group will use the $1.2 Billion SEC cleared shelf registration in order to offer Perpetual Preferred Securities. It aims to raise an initial $12.5 MILLION. The AI treasury would receive the proceeds, along with the bitcoin treasury. A cash reserve that covers about 18 months worth of dividend payments will also be included.
The move mirrors the plans of the world’s largest bitcoin-holder corporation. Strategy. The company raised more than $16 billion through perpetual preferred stocks for its bitcoin holdings. Strive Asset Management, a Nasdaq listed company, has raised over $150 million in a similar way.
Genius Group said that it will be relying less on its share ATMs and more on preferred capital as its primary financing tool.
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Source: bitcoinmagazine.com
