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Genius Group Approves $33M Rights Offering for Bitcoin Purchase

CoinGape
Summary
Nutrition label

73% Informative

Genius Group Limited (NYSE American: GNS) has announced approval of a $33 million rights offering.

The company plans to allocate the full proceeds of the offering to its Bitcoin Treasury as part of its “Bitcoin-first” strategy.

CEO Roger Hamilton , the CEO and the founder of Genius Group , agreed to fully participate in the offering.

This move has occured amid the Bitcoin price recovery with bulls taking the charge and BTC trading at $ 95,978 .

VR Score

59

Informative language

49

Neutral language

71

Article tone

formal

Language

English

Language complexity

40

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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