Key Points:

• Genius Group Bitcoin treasury currently holds 153 BTC worth $14 million as part of its “Bitcoin-first” strategy to allocate 90% or more of reserves to Bitcoin.
• CEO Roger Hamilton announced a podcast launching on November 19 to help businesses understand Bitcoin-based financial strategies.

Genius Group, an AI-powered education platform with a “Bitcoin-first” strategy, has added $4 million worth of Bitcoin to its treasury.

Read more: MicroStrategy Founder Michael Saylor Criticized For Controversial Proposal

Genius Group Bitcoin Treasury Expanded with $4 Million Purchase

The company now holds a total of 153 Bitcoins, worth about $14 million, that were acquired at an average price of $91,372 per Bitcoin. This is the group’s second purchase of Bitcoin since the Genius Group Bitcoin treasury strategy was announced two weeks ago.

The decision was made after the company informed us of its commitment to invest 90% or more of its reserves into Bitcoin on November 12. Ambitious to hold $120 million in Bitcoin, Genius Group’s first purchase was $10 million on November 18. This latest acquisition goes hand in hand with its ongoing plan to meet this target.

CEO Roger Hamilton explained that the company was inspired by MicroStrategy’s Bitcoin centric treasury model but didn’t really have a precise set of steps it needed to follow. To help other companies explore such strategies, Genius Group will also release a podcast on November 19, detailing experiences and best practices from using Bitcoin to create value in financial planning.

MicroStrategy Sets Record with 331,200 BTC Holdings

The decision also comes as MicroStrategy continues to acquire Bitcoin under CEO Michael Saylor. Specifically, on November 18, the company acquired another 51,780 Bitcoin, valued at $4.6 billion, bringing its total holdings to an astonishing 331,200 BTC.

The Genius Group Bitcoin treasury strategy points to the growing trend of corporate Bitcoin adoption, where businesses increasingly view the cryptocurrency as a viable reserve asset. Its bold strategy aims to make it a pioneer in Bitcoin integration into financial operations.

Bitcoin

Bitcoin Treasury

Genius Group

MicroStrategy

Author

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.

Related Posts

• Ethereum Launches Mekong Testnet for Pectra Upgrade
• Starknet v0.13.3 Is Expected To Be Launched Mainnet This Week
• Telekom and Bankhaus Metzler Tackle Bitcoin Mining Infrastructure With Excess Energy
• New Digital Identity Y Platfrom Will Be Launched To Compete With Worldcoin
• Binance Listing Fees Are Causing Fierce Controversy In The Community
• Sheetz Crypto Payments Now Accepted at Over 750 US Locations
• Bitcoin Spot ETF Inflows Hit $510M, Marking Six-Day Streak
• Digital Asset Investment Products Saw Net Inflows of $2.2B Last Week

News

Genius Group Bitcoin Treasury Boosted With 153 BTC Purchase

Key Points:

• Genius Group Bitcoin treasury currently holds 153 BTC worth $14 million as part of its “Bitcoin-first” strategy to allocate 90% or more of reserves to Bitcoin.
• CEO Roger Hamilton announced a podcast launching on November 19 to help businesses understand Bitcoin-based financial strategies.

Genius Group, an AI-powered education platform with a “Bitcoin-first” strategy, has added $4 million worth of Bitcoin to its treasury.

Read more: MicroStrategy Founder Michael Saylor Criticized For Controversial Proposal

Genius Group Bitcoin Treasury Expanded with $4 Million Purchase

The company now holds a total of 153 Bitcoins, worth about $14 million, that were acquired at an average price of $91,372 per Bitcoin. This is the group’s second purchase of Bitcoin since the Genius Group Bitcoin treasury strategy was announced two weeks ago.

The decision was made after the company informed us of its commitment to invest 90% or more of its reserves into Bitcoin on November 12. Ambitious to hold $120 million in Bitcoin, Genius Group’s first purchase was $10 million on November 18. This latest acquisition goes hand in hand with its ongoing plan to meet this target.

CEO Roger Hamilton explained that the company was inspired by MicroStrategy’s Bitcoin centric treasury model but didn’t really have a precise set of steps it needed to follow. To help other companies explore such strategies, Genius Group will also release a podcast on November 19, detailing experiences and best practices from using Bitcoin to create value in financial planning.

MicroStrategy Sets Record with 331,200 BTC Holdings

The decision also comes as MicroStrategy continues to acquire Bitcoin under CEO Michael Saylor. Specifically, on November 18, the company acquired another 51,780 Bitcoin, valued at $4.6 billion, bringing its total holdings to an astonishing 331,200 BTC.

The Genius Group Bitcoin treasury strategy points to the growing trend of corporate Bitcoin adoption, where businesses increasingly view the cryptocurrency as a viable reserve asset. Its bold strategy aims to make it a pioneer in Bitcoin integration into financial operations.

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.

Other Posts

Related Posts

[tptn_list limit="8" title_length="0" heading="0" show_date="0" daily="1"]