Genius Group increases Bitcoin Treasury to total purchase of 420 Bitcoin for $40 million.

Core Viewpoint - Genius Group Limited has increased its Bitcoin purchases to a total of $40 million, acquiring 420 Bitcoin at an average price of$95,912 per Bitcoin, as part of its "Bitcoin-first" strategy [1][2]. Group 1: Bitcoin Strategy - The company announced its "Bitcoin-first" strategy on November 12, 2024, committing to hold 90% or more of its current and future reserves in Bitcoin, with an initial target of $120 million in Bitcoin [2]. - The total Bitcoin purchase of$40 million was made within three months of the initial strategy announcement [2]. Group 2: Financing and Investor Engagement - Genius Group has funded its Bitcoin purchases through reserves, an ATM facility, and $19 million in debt financing from Arch Lending [2]. - An investor call was held on January 15, 2025, regarding a planned rights offering to raise up to$50 million for additional Bitcoin purchases, pending the filing of a prospectus supplement [3]. Group 3: Company Overview - Genius Group is a Bitcoin-first business that provides AI-powered education and acceleration solutions, serving 5.4 million users across over 100 countries [3]. - The company operates through its Genius City model and an online digital marketplace offering AI training, tools, and talent [3].