According to GlobeNewswire, Genius Group has announced a $1.2 billion capital plan to fund its AI Vault and Bitcoin Vault through the issuance of perpetual preferred securities. The company aims to achieve $2 billion in total assets by fiscal year 2031, with a target size of $800 million for the AI Vault and $827 million for the Bitcoin Vault.
Genius Group Announces $1.2 Billion Capital Plan for AI and Bitcoin Gold Vaults
TechFlowShare
Summary
Genius Group announced a $1.2 billion capital plan to fund AI and Bitcoin gold vaults through perpetual preferred securities. The company aims to achieve $2 billion in total assets by 2031, allocating $800 million to the AI vault and $827 million to the Bitcoin news-focused vault. This initiative positions Genius Group to expand in AI and crypto news, as well as digital asset infrastructure.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.