Genius Group Doubles Bitcoin Holdings Under GENIUS Act
Genius Group, a Singapore-based AI education technology firm, has expanded its Bitcoin reserves to 200 BTC. This strategic acquisition supports the company’s long-term goal of building a 10,000-BTC treasury while leveraging opportunities created by the GENIUS Act.
Strategic Bitcoin Expansion
In July, Genius Group purchased 20 BTC at an average price of $106,812 per coin – securing a 9.5% to 12.9% discount below market rates. This immediately generated a $216,000 unrealized gain. The company plans to grow its holdings to 1,000 BTC by 2025.
Regulatory Framework and Future Plans
The recently passed GENIUS Act provides crucial support for Genius Group’s initiatives. The company intends to apply for both a permitted payment stablecoin issuer (PPSI) license and digital asset service provider (DASP) authorization under new U.S. regulations.
Innovative Education Platform
Through its Genius Academy platform, the company rewards students with Genius Education Merits (GEMs), each equivalent to one Satoshi. Pending regulatory approval, these GEMs may convert to a proprietary stablecoin for use within the ecosystem.
Ethereum’s Growing Role
Andrew Keys, CEO of Ether Machine, notes that Ethereum stands to benefit significantly from the GENIUS Act, as most stablecoins and tokenized assets currently operate on its network.
