Genius Group Limited (NYSE: GNS) has boosted its Bitcoin holdings by $10 million, bringing its total to 319.4 BTC, valued at $30 million.
This is part of the company’s strategy to allocate over 90% of its reserves into Bitcoin. Since unveiling this approach in November 2024, Genius has already invested 25% of its $120 million target, purchasing Bitcoin at an average price of $93,919 per coin.
The company used cash reserves, ATM sales, and a $10 million loan from Arch Lending to fund the purchase. CEO Roger Hamilton expressed satisfaction with the Bitcoin strategy’s progress and its positive impact on shareholder value.
Genius has introduced BTC Yield as a performance metric, reporting a 1,649% BTC Yield in its Q4 2024 report. At the end of December, its Bitcoin holdings were valued at $30.4 million, with a market cap of $40.6 million.
In addition to its Bitcoin focus, Genius is expanding into cryptocurrency education, planning to launch its Genius BTC Academy and Blockchain Academy in early 2025. It has also acquired XD Academy, a blockchain education platform.
The growing corporate adoption of Bitcoin is evident, with MicroStrategy adding over 2,100 BTC to its holdings and Tether acquiring 7,629 BTC. Despite recent price fluctuations, companies like Genius Group continue to view Bitcoin as a key long-term asset.
