Genius Group seeks $827 million Bitcoin treasury after selling all Bitcoin to repay debt

Genius Group proposed a $12.5 million perpetual preferred offering to restart a Bitcoin treasury targeted at $827 million by fiscal 2031. Genius Group reported that it sold its remaining Bitcoin and repaid $8.5 million of debt in April. The opening raise would cover 1.51% of the target. At least $814.5 million would remain to finance before any non-Bitcoin allocations. Genius Group said the proceeds would fund its Bitcoin treasury, an AI portfolio and a dollar reserve covering about 18 months of preferred dividends. Genius Group has not set the dividend rate or allocation percentages. The initial Bitcoin purchase therefore cannot be calculated. Genius Group expects the security to be non-convertible and to pay a variable monthly rate. Genius Group has not determined the issue price, final size, timing, structure or exchange listing. The terms remain subject to board approval, securities rules and market conditions. The proposed instrument would not add ordinary shares at issuance. Preferred holders would have priority over ordinary shareholders through monthly dividend and liquidation claims. Genius Group cannot measure the cash cost until it determines the rate and amount sold. Genius Group also has a $1.2 billion shelf registration that became effective in July 2025. The registration permits securities sales over time but does not represent committed investor capital. An April 2026 prospectus supplement covered an approximately $8 million public offering under that registration. Genius Group's latest audited year-end filing showed $2.42 million of cash. An August update reported unaudited June net assets of $106.6 million and no third-party debt. The update did not provide a current cash balance. At today's Bitcoin price near $79,911, $12.5 million equaled roughly 156 BTC. The $827 million target equaled about 10,349 BTC. Genius Group would need repeated preferred sales or other financing beyond the initial offering to bridge the gap. Each financing round would depend on investor demand. Future offering materials would need to show the rate, price, size and allocation.