Thursday, September 17, 2026

Creating liberating content

ECB opens merchant applications...

The European Central Bank has opened applications for online merchants to join a...

Bitcoin Price Wobbles Before...

Bitcoin’s price swung before settling largely unmoved over a 24-hour period...

Bitcoin miners have amassed...

Bitcoin miners have signed more than $100 billion in AI contracts while generating...

“The Fed Has Already...

Peter Schiff says the bond market didn’t break recently,...

Genius Group Sets $2B Dual AI And Bitcoin Treasury Target

Genius Group has announced a new plan to buy bitcoin — just months after selling its entire stash. 

The NYSE-listed AI-powered education company said in a Thursday statement that it was aiming to build parallel AI and bitcoin treasuries worth a combined $1.6 billion, with total company assets targeted at $2 billion by fiscal year 2031. 

Just in April, Genius Group sold its entire bitcoin reserves to repay $8.5 million in debt. The sale came as a number of digital asset treasuries were struggling due to a drop in crypto 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,” Genius Group CEO Roger James Hamilton said. 

Read More:  Crypto Clarity Act Risks More Delay As Recess Looms

Genius Group first adopted a “Bitcoin first” strategy in late 2024, building a position that grew to 440 BTC by 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. 

Read More:  Bitcoin's 'Unusual Mix': Report

The company has now sold its remaining bitcoin entirely, using the proceeds to eliminate $8.5 million in debt. The liquidation reportedly came at a loss, leaving Genius Group with no crypto reserves.

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 intends to draw on its $1.2 billion SEC-cleared shelf registration to issue Perpetual Preferred Securities, targeting an initial $12.5 million raise. Proceeds would be split between the AI treasury, the bitcoin treasury and a cash reserve covering about 18 months of dividend payments. 

Read More:  Bitcoin Slips To $62,000, Paring Rebound As CryptoQuant Sees Room Higher

The plan mirrors moves by the biggest corporate holder of bitcoin, Strategy. The company has raised over $16 billion via perpetual preferred stock for its bitcoin holdings. Nasdaq-listed Strive Asset Management has raised more than $150 million similarly. 

Genius Group says preferred capital will become its primary funding tool going forward, reducing reliance on its ordinary share ATM program.

Facebook Comments Box
spot_img

Continue reading

Bitcoin Price Wobbles Before Settling After Fed Raises Rates

Bitcoin’s price swung before settling largely unmoved over a 24-hour period after the Federal Reserve hiked interest rates — as expected — for the first time since 2023.  The leading cryptocurrency was recently priced at nearly $75,813...

“The Fed Has Already Lost The Battle Against Inflation” & BTC Vs GOLD Debate

Peter Schiff says the bond market didn’t break recently, it broke in 2020, and everything since has been a slow unwind. Across this conversation with Grace Remington and Sean Hagan, he connects rising Treasury yields,...

Bitcoin Is On Sale, Says Morgan Creek CEO Mark Yusko

Morgan Creek Capital CEO Mark Yusko has said that bitcoin’s fair value is $105,000 based on Metcalfe’s Law.  Speaking on Bitcoin Magazine TV on Wednesday, the investment management firm said that now was the best time to...