Genius Group Expands Bitcoin Treasury by 52%
Genius Group, a Singapore-based AI education firm listed on Nasdaq, has boosted its Bitcoin treasury holdings by 52%. The company added 34 BTC to its reserves, reaching a total of 100 BTC. This strategic expansion follows a favorable ruling from the US Court of Appeals that lifted previous restrictions on the company’s Bitcoin accumulation activities.
Legal Ruling Enables Continued Bitcoin Growth
Previously, Genius Group faced limitations on its Bitcoin purchases due to legal proceedings surrounding its merger with Fatbrain AI. The recent court decision removes these barriers, allowing the company to continue executing its treasury strategy. To date, Genius Group has allocated over $10 million to Bitcoin, acquiring coins at an average price of $100,600 each.
1,000 BTC Target Remains Strategic Priority
CEO Roger Hamilton reaffirmed the company’s commitment to building a 1,000 BTC treasury. “This forms a core part of our long-term asset strategy,” Hamilton stated. The move reflects a broader corporate trend of adopting Bitcoin as a treasury reserve asset.
Institutional Bitcoin Adoption Gains Momentum
The article highlights growing institutional interest in Bitcoin, noting similar moves by companies like GameStop. This pattern demonstrates increasing mainstream acceptance of cryptocurrency as a legitimate asset class for corporate balance sheets.
Key Highlights
- 52% increase in Bitcoin treasury holdings (34 BTC added)
- Total holdings now at 100 BTC ($10+ million value)
- $100,600 average purchase price per BTC
- 1,000 BTC accumulation target maintained
- Court ruling enables continued purchases
