Genius Group starts $10M Bitcoin investment strategy
Genius Group, an artificial intelligence company, has embarked on its plan to convert most of its treasury reserves into Bitcoin (CRYPTO:BTC) by purchasing 110 BTC for $10 million at an average price of $90,932 per coin.
This step is part of the company's broader strategy to acquire up to $120 million in Bitcoin.
CEO Roger Hamilton highlighted that when the company decided to adopt a Bitcoin treasury approach similar to MicroStrategy’s, they discovered a lack of comprehensive guides for the process.
To bridge this gap, Genius Group will launch a podcast on November 19 to share insights and assist other companies in adopting similar strategies.
“We believe with the information our podcast will provide, more companies will see the benefits of establishing a Bitcoin treasury, and will be equipped with the clear steps to follow,” expressed Hamilton.
Since the announcement, Genius Group’s stock (GNS) has shown moderate growth, closing at $0.91 on November 18, up over 22% for the month.
However, it remains below the $1.05 reached after the initial Bitcoin adoption announcement and significantly lower than its all-time high of $96.80 set in June 2022.
This move by Genius Group aligns with a growing trend of corporate Bitcoin accumulation.
MicroStrategy recently expanded its holdings with an acquisition of 51,780 BTC for $4.6 billion, increasing its total to 331,200 BTC.
Similarly, Semler Scientific added 215 BTC valued at $17.7 million, bringing its total holdings to 1,273 BTC.
Japanese investment firm Metaplanet also plans to increase its Bitcoin reserves, funding the move with an $11.3 million bond issuance.
Bitcoin mining company MARA Holdings Inc (formerly Marathon Digital) disclosed plans to raise $700 million through convertible notes, with a portion of the proceeds earmarked for additional Bitcoin purchases.
This trend of corporate Bitcoin investment highlights the growing acceptance of cryptocurrency as a strategic asset reserve.
At the time of reporting, the Bitcoin (BTC) price was $91,913.73.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cardano ($ADA) Google Searches Surge to 12-Month High
Cardano ($ADA) search interest hits a 12-month high on Google Trends, signaling growing investor curiosity.What This Means for Cardano’s Future

Did Peanut the Squirrel’s Run Slip Away? BTFD Coin’s Bulls Squad Is Exploding—Join Before It’s Too Late
Meme coins have taken over the crypto space, transforming internet culture into high-value assets.BTFD Coin’s Bulls Squad Is Leading the Meme Coin RevolutionPeanut the Squirrel—A Social Media Star Turned Meme Coin SensationFinal Words

Cardano ($ADA) Surges in Popularity with 224K Mentions
Cardano ($ADA) saw over 224K mentions in the last 7 days, signaling growing interest and engagement in the crypto space.$ADA Mentions Soar to 224K in a WeekWhat’s Driving the Hype?Could This Impact ADA’s Price?

Arctic Pablo Coin’s $0.000070 Entry Could Turn $1K into $114K—While Apu Apustaja & Act I: The AI Prophecy Make Waves in the Market
Explore the best new meme coins to join for long-term gains! Arctic Pablo Coin's presale explodes, Apu Apustaja surges, and Act I: The AI Prophecy takes AI crypto by storm.Earn While You Hold: Arctic Pablo Coin’s 66% APY Staking and Referral IncentivesApu Apustaja Surges as Community Interest PeaksAct I: The AI Prophecy Gains Traction as AI Crypto BoomsFinal Thoughts—Why Arctic Pablo Coin Stands Out

Trending news
MoreCrypto prices
More








