After selling all its Bitcoin to pay off debt, AI firm tries to rebuild $827 million treasury from scratch

Genius Group, an AI-powered education company that previously used Bitcoin as a treasury asset, has proposed a $12.5 million perpetual preferred offering to restart a Bitcoin treasury it says should reach $827 million by fiscal 2031. The opening raise would cover just 1.51% of that target, leaving at least $814.5 million still to finance before any non-Bitcoin allocations.

Even that comparison overstates how much of the first raise could reach Bitcoin. Genius said the proceeds would be divided among its Bitcoin treasury, an AI portfolio and a dollar reserve equal to about 18 months of preferred dividends. The company has not set the dividend rate or allocation percentages, so the initial Bitcoin purchase cannot yet be calculated.

Genius Group Bitcoin plan: What the first raise would fund

Genius expects the proposed security to be non-convertible and to pay a variable rate monthly. But Genius has not determined the issue price, final size, timing, structure or exchange listing. Those terms remain subject to board approval, securities rules and market conditions.

Because the instrument would not dilute common shares at issuance, the risk shifts to preferred-stock obligations. A non-convertible preferred issue would not itself add ordinary shares, supporting Genius’ narrow claim that the instrument can avoid immediate common-stock dilution. Preferred holders would still sit ahead of ordinary shareholders through monthly dividend and liquidation claims. The cash cost cannot be measured until the rate and amount sold are known.