Genius Group Limited (NYSE American: GNS) has increased its Bitcoin Treasury by $10 million, bringing its total Bitcoin holdings to 319.4 BTC, valued at $30 million. The company made the announcement on December 30, 2024, as part of its “Bitcoin-first” strategy, which commits over 90% of its reserves to Bitcoin.
Genius Group Adds $10M in Bitcoin
Within six weeks of announcing its new strategy on November 12, Genius Group has reached 25% of its $120 million Bitcoin investment goal. The latest $10 million purchase raises the company’s Bitcoin holdings to 319.4 BTC, acquired at an average price of $93,919 per Bitcoin.
According to Genius Group’s CEO, Roger Hamilton, the company is pleased with the progress made in expanding its Bitcoin Treasury ahead of schedule. “We are considering various options to maximize shareholder value while continuing to build our Bitcoin Treasury,” Hamilton said.
To fund its Bitcoin purchases, the company used a combination of cash reserves, At-the-Market (ATM) offerings, and a $10 million loan from Arch Lending, a crypto-backed loan platform.
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Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
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