Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Primo1760 on January 31, 2025, 06:47:39 PM
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Genius Group aims to raise $33M through a rights issue and $22M in loan financing to boost its Bitcoin reserves.
If successful, the company’s Bitcoin reserves will jump from $45M to $100M, reinforcing its commitment to BTC.
and intends to use the net proceeds entirely to purchase Bitcoin reserves, with an expected income of up to $33 million from the rights issue.
Genius Group Plans Major Fundraising for Bitcoin Reserves
Genius Group is seeking loan financing of up to $22 million, bringing the total potential funding to $55 million. If the rights issue and loan financing are successful, the company’s BTC reserves will significantly increase from $45 million to $100 million.
This strategic move highlights Genius Group’s commitment to strengthening its BTC reserves amid growing institutional interest in cryptocurrencies. The company’s decision aligns with a broader trend of corporations increasing their Bitcoin reserves to hedge against inflation and economic uncertainty.
Company Seeks $55M to Double Bitcoin Holdings
The initiative also follows similar actions by other publicly traded companies that view Bitcoin as a long-term store of value. However, market analysts suggest that the success of the rights issue and loan financing will be crucial in determining the company’s future BTC reserves strategy.
https://coincu.com/304715-genius-group-plans-55-million-bitcoin-reserves/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared
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Right, corporations or business entities are now looking at how they can be a part of the exciting Bitcoin ride by establishing their BTC holdings or as what other would like to call them as reserves...in line with the plan of DJT to establish a national reserve not just for Bitcoin but even some other coins in the market. Tesla of Elon Musk and MicroStrategy of Michael Saylor are two of the most famous examples of this move and they generated bug profits so far especially with the rise of Bitcoin for the last many months. Slowly the market is now accepting that getting Bitcoin as reserves will be comparable to getting your own gold...this time done digitally which is a lot more convenient for anyone.