Genius Group Bitcoin Investment Raised Another $2.2 Million

Key Points:

• Genius Group Bitcoin investment has been increased by $2.2 million, bringing its total to 191 Bitcoins valued at $18 million.
• Genius Group committed to holding 90% or more of its reserves in Bitcoin, targeting an initial $120 million in Bitcoin assets.

Artificial intelligence company Genius Group has significantly increased its Bitcoin reserves, adding another $2.2 million worth of the cryptocurrency.

Read more: MicroStrategy Bitcoin Investment Yields Over 38% in November

Genius Group Bitcoin Investment Raised Another $2.2 Million

The latest Genius Group Bitcoin investment brings the company’s total holdings to 191 coins, worth around $18 million. The average purchase price for each Bitcoin is $92,728.

The move is in line with the company’s “Bitcoin-first” strategy that was announced on November 12 and will see it retain at least 90% of the current and future reserves in Bitcoin. The strategy aims to set up an initial reserve value of $120 million in digital currency.

Following an initial $10 million Bitcoin buy in early November, Genius Group has been slowly adding to its positions – acquiring an average of $2 million per week over the last month.

Genius Group Expands Bitcoin Education Network

Aside from the educational strategic moves such as the Genius Group Bitcoin investment, acquiring XD Academy, a learning platform on Bitcoin and blockchain, is also a strategic initiative. The platform would present courses from industry experts to enhance the presence of Genius Group on a global stage.

The company also offers education programs to impart strategies to other businesses to adopt similar concepts in Bitcoin and blockchain. This aligns with a broader trend seen among early Bitcoin adopters like MicroStrategy, which has set a precedent for holding Bitcoin as a reserve asset.