- Genius Group boosts Bitcoin holdings to 319.4 BTC, reflecting rapid progress toward its $120M investment goal within six weeks.
- Strategic funding, including a $10M crypto-backed loan, positions Genius Group’s Bitcoin Treasury at 75% of its $40.6M market cap.
- Expanding education efforts, Genius Group acquires XD Academy to launch Bitcoin-focused courses, aligning with its “Bitcoin-first” vision.
Genius Group Limited adds $10 million to its Bitcoin Treasury assets, strengthening it. The corporation currently has $30 million worth of Bitcoin assets, totaling 319.4 BTC. Its “Bitcoin-first” approach was introduced in November 2024 and has advanced. Despite market volatility, Genius Group has invested $120 million in Bitcoin, reaching 25% of its goal in just six weeks.
Strategic Financing Fuels Bitcoin Investments
To fund its Bitcoin acquisitions, Genius Group employed an at-the-market (ATM) equity program. Additionally, the company secured a $10 million loan from Arch Lending, a crypto-backed lending firm. Without putting undue strain on its financial sheet, these choices enabled the company to fortify its treasury. By now its $40.6 million Bitcoin holdings account for 75% of its total market capitalization.
CEO Roger Hamilton emphasized the company’s satisfaction with its Bitcoin Treasury’s performance. Moreover, he expressed optimism about achieving future targets. CFO Gaurav Dama highlighted that Genius Group’s BTC/Price ratio exceeds industry standards. This ratio shows a disconnect between the company’s stock valuation and the value of its Bitcoin holdings.
Educational Expansion Amplifies Bitcoin Strategy
Besides expanding its Bitcoin Treasury, Genius Group is enhancing its educational initiatives. The company recently acquired XD Academy, a platform specializing in Bitcoin and blockchain education. This acquisition will expand the faculty and curriculum of Genius Group’s Genius Bitcoin Academy and Genius Blockchain Academy. These academies, set to launch new courses in January 2025, align with the company’s strategic vision.
Furthermore, Genius Group reported robust financial growth with its revenue for the first half of 2024 rising 130%, reaching $20.7 million. The company also reduced its adjusted EBITDA loss by 37%, signaling improved operational efficiency.
Genius Group plans to report Bitcoin Treasury performance alongside financials more frequently in 2025. This initiative will enhance transparency and provide investors with greater insights into the company’s financial health and strategy.
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