Genius Group Limited, an AI-driven education company, has announced a significant increase in its Bitcoin holdings. On Monday, the company added $1.8 million in Bitcoin to its treasury. This brings its total Bitcoin reserves to 172 BTC, valued at $15.8 million. The average net purchase price of Bitcoin was $92,006.
A Bold Bitcoin-First Strategy
This purchase follows the company’s announcement on November 12, when it revealed its Bitcoin-first strategy. Genius Group committed to holding at least 90% of its reserves in Bitcoin. The company’s initial target is to reach $120 million in Bitcoin holdings.
First Major Bitcoin Purchase
On November 19, Genius Group made its first Bitcoin purchase. The company acquired 110 BTC for $10 million. The average price per Bitcoin was $90,932.
Leadership and Vision: Roger Hamilton’s Strategy
Roger Hamilton, CEO of Genius Group, explained the company’s approach. He noted that while the company initially lacked a clear roadmap, it is now following a strategy similar to MicroStrategy. To further assist other firms, Genius Group launched a podcast on November 19. The podcast encourages companies to consider Bitcoin for their treasury reserves.
Investor Meeting and Growth Plans for 2025
Genius Group is also preparing for an important Investor Meeting. It will be held live from Bitcoin MENA 2024 in Abu Dhabi on December 10. During this meeting, Hamilton will outline the company’s growth plans for 2025. These plans include expanding its Bitcoin-First Treasury Strategy and enhancing its AI-powered education network.
Expanding Genius Group’s Educational Influence
Genius Group currently serves 5.4 million users in over 100 countries. It offers AI-powered education and workforce acceleration solutions. The company’s Genius City model integrates AI with human expertise. It provides AI training, tools, and talent at individual, enterprise, and government levels.
Bitcoin Strategy Drives Stock Price Surge
Genius Group’s Bitcoin-first approach has already paid off. The company saw a 66% increase in its stock price on November 12. This surge reflects the market’s confidence in its strategy. Additionally, other companies are also adopting similar strategies. MicroStrategy recently purchased 15,400 BTC, bringing its total holdings to 402,100 BTC.
The Growing Trend of Bitcoin Reserves
More companies are embracing Bitcoin as a treasury asset. Firms like Semler Scientific and Metaplanet are increasing their Bitcoin holdings. This growing trend signals the increasing role of Bitcoin in corporate finance.
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