Published by CentBit.Online – Your Crypto & Blockchain Expert in Bangladesh
Genius Group Limited, an AI-driven, Bitcoin-focused education company, has made headlines again with its growing Bitcoin treasury. The company announced on Monday an additional $1.8 million investment in Bitcoin, bringing its total holdings to 172 BTC valued at $15.8 million. This purchase was made at an average price of $92,006 per Bitcoin, signaling its continued commitment to a bold “Bitcoin-first” strategy.
Building on a Vision: Genius Group’s Bitcoin-First Revolution
This latest acquisition follows Genius Group’s unveiling of its Bitcoin-first strategy on November 12, where it committed to holding 90% or more of its reserves in Bitcoin. The company aims to accumulate $120 million worth of Bitcoin as part of this ambitious plan.
Genius Group began executing this strategy on November 19, acquiring 110 Bitcoin for $10 million at an average price of $90,932 per Bitcoin.
CEO Roger Hamilton explained that the company’s approach, inspired by MicroStrategy, initially lacked a clear implementation framework. To address this, Genius Group launched a dedicated podcast on November 19 to guide other companies considering Bitcoin for their treasury reserves.
Additionally, Genius Group will host an Investor Meeting on December 10 during the Bitcoin MENA 2024 conference in Abu Dhabi. Key highlights include:
- Insights into Genius Group’s 2025 growth plans.
- Updates on its Bitcoin-first treasury strategy.
- Introduction of an AI-powered decentralized education network with on-chain Genius Education Merits (GEMs), AI tutors, and certifications built on the Lightning Network.
A Global Reach with AI-Powered Education Solutions
With a user base of 5.4 million across 100+ countries, Genius Group is redefining education through its Genius City model and digital marketplace. The company’s services provide cutting-edge AI training, tools, and solutions tailored for individuals, enterprises, and governments, bridging human expertise with AI innovation.
Bitcoin’s Growing Role in Corporate Strategy
Genius Group’s Bitcoin-first strategy has not only fortified its reserves but also driven significant market momentum, with its stock price surging 66% on November 12.
Other companies have followed suit:
- MicroStrategy added 15,400 BTC to its treasury, totaling 402,100 BTC, acquired for an aggregate $23.4 billion at an average price of $58,263 per Bitcoin.
- Semler Scientific purchased 215 BTC for $17.7 million, raising its holdings to 1,273 BTC.
- Metaplanet, a Japanese investment firm, holds over 1,000 BTC and plans further acquisitions funded through bonds worth $11.3 million.
- MARA Holdings issued $700 million in convertible notes to bolster its Bitcoin reserves.
The Bitcoin-First Movement Gains Momentum
The institutional embrace of Bitcoin continues to reshape financial strategies, with Genius Group standing out as a leader among emerging players. Its dedication to integrating Bitcoin with AI-powered education solutions highlights the evolving potential of cryptocurrency in reshaping industries.
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