Genius Group increases bitcoin treasury to $30M

TipRanks

Tue, Dec 31, 2024, 6:15 AM 1 min read

Genius Group (GNS) Limited had increased its Bitcoin purchases for its Bitcoin Treasury by an additional $10 million to 319.4 Bitcoin for $30 million, at an average price of $93,919 per Bitcoin. The total purchase of $30 million of Bitcoin has been made within six weeks of the Company’s announcement on November 12 of its “Bitcoin-first” strategy that it is committing 90% or more of its current and future reserves to be held in Bitcoin, with an initial target of $120 million in Bitcoin. The milestone to reach 25% of the initial target is ahead of the Company’s target schedule.

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