MarketPR
Genius Group (NYSE: $GNS), a Singapore-based education technology firm, announced plans to execute a $1.2 billion capital raise to fund its dual focus on artificial intelligence and Bitcoin (CRYPTO: $BTC) holdings.
The company disclosed on Thursday that it is considering the issuance of perpetual preferred securities as the primary vehicle for this expansion.
Under the proposed structure, Genius Group aims to allocate $800 million to its AI Treasury and $827 million to its Bitcoin Treasury.
Management has outlined a longer-term objective to accumulate $2 billion in total assets by 2031.
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