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News

Genius Group Bitcoin Treasury Boosted by $5 Million

3 hours ago - Around 2 mins mins to read

Key Points:

  • Genius Group Bitcoin Treasury was expanded to $35 million (372 Bitcoin), achieving 30% of its $120 million target.
  • The company raised its Bitcoin loan with Arch Lending to $14 million and introduced BTC Yield as a key performance metric.
Genius Group has added $5 million to its Bitcoin Treasury, increasing the total to $35 million, or 372 Bitcoin, at an average purchase price of $94,047 per Bitcoin.
Genius Group Bitcoin Treasury Boosted by $5 Million

Read more: Genius Group Bitcoin Investment Raised Another $2.2 Million

Genius Group Bitcoin Treasury Increases to $35 Million

The investment is a key milestone in the Genius Group Bitcoin Treasury strategy that was announced on November 12, which focuses on holding at least 90% of its treasury reserves in Bitcoin, an initial target of $120 million.

As of January 9, Genius Group Bitcoin Treasury represents 30% of the company target and is well above expectations. If the Bitcoin price is $94,000, the value of the holdings will be in line with the company’s objective to become a Bitcoin-driven enterprise.

The market capitalization of Genius Group sits at $42 million – or 66 million issued shares trading at $0.64, which then translates into a BTC/Price of 83%.

Company Aims at Reaching $1 Billion Market Capitalisation

Genius Group’s facility with Arch Lending expanded from $10 million to $14 million in Bitcoin loans with a retained loan-to-value ratio of 40%, funding additional company plans to bolster more than one lead in the cryptocurrency market position.

To measure its performance, the company has introduced BTC Yield as a KPI for the Genius Group Bitcoin Treasury strategy. The company believes that this metric will help it estimate financial growth and align the interests of shareholders with its long-term goals.

Genius Group also approved a Founder Compensation Plan for CEO Roger Hamilton, aimed at achieving a market capitalization of US$1 billion within ten years, including milestones based on increasing the value of the Bitcoin Treasury to a net asset value of US$1 billion.

Since making its Bitcoin-first strategy announcement, Genius Group has added to the stash regularly, initiating the investment with a $10 million buy on November 18.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

With a passion for untangling the complexities of the financial world, I’ve spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. “The financial markets are a fascinating puzzle,” I often say, “and I love helping people make sense of them.” That’s what drives me to bring clear and insightful financial journalism to the readers of Coincu.