Trezor Cuts Reseller Count After Ledger Supply-Chain Issues
Trezor cut its reseller count after supply-chain issues hit rival Ledger, who reported lost funds from tampered devices.
Genius Group plans to rebuild a bitcoin treasury alongside an AI treasury, targeting $2B in assets by 2031, months after liquidating its holdings.
Genius Group has unveiled a fresh strategy to acquire bitcoin â only a few months after offloading its entire holdings.
The NYSE-listed education firm that focuses on AI disclosed on Thursday its intention to establish parallel treasuries for AI and bitcoin valued at a combined $1.6 billion. The company's total assets are targeted at $2 billion by the 2031 fiscal year.
In April, Genius Group liquidated all its bitcoin to settle $8.5 million in debt. At that time, numerous digital asset treasuries were under pressure amid a downturn in cryptocurrency prices.
âEvery dollar of preferred capital deployed into our bitcoin and AI Treasury that generates returns above the preferred dividend rate flows directly to our ordinary shareholdersâ net asset value,â Genius Group CEO Roger James Hamilton said.
The company initially embraced a âBitcoin firstâ approach in late 2024, accumulating a position that reached 440 BTC by February 2025.
That effort was interrupted when a court order prohibited the company from raising funds or issuing shares, triggering a sequence of divestments that shrank its holdings â including roughly 86 BTC sold over a single month, leaving about 84 BTC by February 2026.
Genius Group has now disposed of its remaining bitcoin entirely, using the proceeds to eliminate $8.5 million in debt. The sale reportedly occurred at a loss, leaving the company with no cryptocurrency reserves.
Against that backdrop, the company is now proposing to rebuild a bitcoin treasury â this time alongside a similarly sized AI treasury â funded not through equity sales but through a new preferred stock offering.
Genius Group intends to draw on its $1.2 billion SEC-cleared shelf registration to issue Perpetual Preferred Securities, targeting an initial $12.5 million raise. Proceeds would be split between the AI treasury, the bitcoin treasury and a cash reserve covering about 18 months of dividend payments.
The plan mirrors moves by the biggest corporate holder of bitcoin, Strategy. The company has raised over $16 billion via perpetual preferred stock for its bitcoin holdings. Nasdaq-listed Strive Asset Management has raised more than $150 million similarly.
Genius Group says preferred capital will become its primary funding tool going forward, reducing reliance on its ordinary share ATM program.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
Trezor cut its reseller count after supply-chain issues hit rival Ledger, who reported lost funds from tampered devices.
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