Genius Group Plans to Acquire 10,000 Bitcoin Within 12 to 24 Months
Powered by ChatGPTOn July 7th, US-listed company Genius Group (NYSE American: GNS) announced today that it will significantly increase its Bitcoin reserve target from 1,000 to 10,000, with plans to complete this within 12 to 24 months. The company has signed an ATM financing agreement totaling up to $1.1 billion and will achieve its goal through various financing methods, including ATM financing, debt financing, and convertible bonds. Genius Group CEO Roger Hamilton stated that the company is realizing the appreciation of its Bitcoin reserves and is committed to simultaneously growing its education business and the per-share value of Bitcoin to drive long-term development. Since resuming Bitcoin purchases on May 22, the company has achieved a 74% $BTC yield. [Deep Tide TechFlow]