Shares of Genius Group (GNS) climbed in premarket trading Wednesday after the AI-powered education company canceled 20 million Class A Ordinary Shares linked to its Asset Purchase Agreement with Entrepreneur Resorts Ltd. (ERL) which is equivalent to 16% of its public float.
Genius Group has now removed more than one-fifth of its public float in a single week through share cancellations and repurchases.
The cancellation followed a June 16 decision by Entrepreneur Resorts' board to return the shares to Genius Group, allowing the company to immediately retire them and submit a cancellation notice to the transfer agent, VStock.
Combined with a 6.6 million-share repurchase performed on June 12, the company's issued share capital was lowered by 26.6 million shares this week, accounting for about 22% of the public float.
The moves stem from an internal share count exercise revealed by the business in April, which identified up to 30.1 million Class A Ordinary Shares slated for retirement. That pool includes about 17.3 million unclaimed shares granted under the ERL agreement and retained by VStock, as well as approximately 5.5 million shares payable to the company arising from its former investment in ERL
The business has recently increased the objective to 43.3 million shares for buyback, return, or retirement, representing nearly 36% of the public float. The 26.6 million shares canceled this week represent around 61% of that aim.
GNS stock was up over 15% in pre-market trade. On Stocktwits, retail sentiment around GNS improved to ‘neutral’ zone from ‘bearish’ zone, while chatter rose to ‘normal’ from ‘low’ levels over the past day.
Founder and CEO Roger James Hamilton said the cancellation had enhanced net asset value per share on an arithmetic basis while retaining the company’s complete ownership of Entrepreneur Resorts.
Shareholders approved the repurchase program, which is scheduled to end on July 6. At the company’s annual general meeting on the following day, shareholders will be asked to adopt a new repurchase mandate to cover up to 20% of issued Class A Ordinary Shares over the next 12 months.
The company has held BTC since November 2024, and since late 2024, Genius Group has marketed itself as a "Bitcoin-first" education organization. Treasury reached 440 BTC at a cost basis of roughly $42 million by February 2025, after a 105 BTC purchase in December 2024 lifted holdings 50% in a single transaction.
Over time, the firm gradually reduced its holdings due to fundraising and share issuance limits imposed by the court. In April 2026, the corporation sold its final 84 BTC to pay off around $8.5 million in debt.
The Genius Group board authorized a "dual treasury" architecture combining a rebuilt Bitcoin Treasury and a new AI Treasury, the ‘AGI Infinity Portfolio’, on May 27, 2026.
The business set an initial $100 million AI sleeve objective, escalating to $800 million by FY2031 within a $2 billion overall asset goal. About $20 million of starting exposure was reserved for pre-IPO interests in SpaceX, OpenAI, Anthropic, and Databricks.
Read also: As Coinbase Builds For AI, Saylor Says A Small Group Of Firms Is Keeping Bitcoin Mainstream
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