Genius Group Expands Bitcoin Holdings to $18M in Bitcoin Reserve

Genius Group has significantly increased its Bitcoin holdings, acquiring 194 Bitcoin worth approximately $18 million at an average price of $92,728 per Bitcoin. This strategic move is in line with the company’s “Bitcoin-first” approach, which aims to commit at least 90% of its reserves to Bitcoin. The company has set a target of $120 million in total Bitcoin holdings, signaling its long-term commitment to the digital asset.

This acquisition follows a consistent strategy that began in November with an initial $10 million Bitcoin purchase, followed by weekly investments averaging around $2 million. The company’s Bitcoin holdings now reflect a strong alignment with the growing trend of incorporating Bitcoin as a reserve asset within corporate treasury strategies.

Genius Group’s Long-Term Strategy

During an upcoming Investor Meeting at Bitcoin MENA 2024 in Abu Dhabi, CEO Roger Hamilton will provide further insights into this strategy. He will also introduce the AI-powered “Built on Bitcoin” decentralized education network, which integrates blockchain and Bitcoin into the company’s educational offerings.

Genius Group views Bitcoin not only as a store of value but also as a cornerstone of its broader financial strategy. By embracing Bitcoin, the company positions itself similarly to other publicly traded firms, like MicroStrategy, which have adopted Bitcoin as a means of diversifying treasury holdings amidst global economic uncertainties.

Integration of AI and Blockchain in Education

The company’s strategy extends beyond Bitcoin to include AI-powered education, with plans to incorporate blockchain for on-chain certifications and rewards systems. This will leverage the Bitcoin Lightning Network to streamline transactions and enhance user experience. Genius Group’s emphasis on speed and consistency in its Bitcoin acquisitions demonstrates a long-term vision that is focused on innovation, rather than reacting to short-term market fluctuations.

In summary, Genius Group’s Bitcoin-first strategy reflects a bold move to integrate AI and blockchain technology into education while reinforcing its financial stability through Bitcoin reserves. The company’s ongoing investments signal a strategic commitment to both technological advancement and financial diversification.