Genius Group plans to distribute up to $ 55 million in financing to purchase BTC to enrich the Bitcoin reserves

Panews News on January 31. According to Globenewswire, the NYSE listed company Genius Group announced that it will issue off -share shares to shareholders. The net income of the shares will be used to purchase Bitcoin. It is expected that the revenue is up to $ 33 million. In addition, the company also plans to seek an additional loan financing of up to $ 22 million. If the distribution and loan financing is successful, Genius Group's Bitcoin reserve will increase from $ 45 million to $ 100 million. Genius Group, a listed company in the New York Stock Exchange, announced that it will issue off -share shares to shareholders. The net income will be used to buy Bitcoin. It is expected that the earnings will be up to 33 million US dollars. In addition, the company also plans to seek an additional loan financing of up to $ 22 million. If the distribution and loan financing is successful, Genius Group's Bitcoin reserve will increase from $ 45 million to $ 100 million.