Genius Group Expands Bitcoin Treasury by Over 50%
- Genius Group, a Singapore-based AI education company, increased its Bitcoin treasury by acquiring an additional 34 BTC.
- The company’s total Bitcoin holdings now stand at 100 BTC, valued at over $10 million.
- This move follows a favorable court ruling that lifted a previous ban on Genius Group’s Bitcoin investments.
Genius Group’s recent acquisition of additional Bitcoin reflects its strategy to eventually amass a total of Bitcoin holdings of up to 1,000 BTC for its corporate treasury. The decision comes after overcoming legal obstacles that previously restricted such investments.
The expansion of Genius Group’s Bitcoin treasury underscores the growing trend among companies to adopt Bitcoin as a reserve asset, with the firm now holding significant value in cryptocurrency following its recent purchases. Source
