According to ChainCatcher, Genius Group, a New York Stock Exchange-listed company, announced a rights issue to shareholders, with expected proceeds of up to US$33 million, all of which will be used to purchase Bitcoin.
In addition, the company plans to seek additional loan financing of up to $22 million. If the rights issue and loan financing are successful, Genius Group's Bitcoin reserves will increase from $45 million to $100 million.
