Everyone’s Focused on MicroStrategy, But Today Another Company Bought Huge Amount of Bitcoin – Here Are The Details

Genius Group, an AI-powered, Bitcoin-first education company, has announced a major milestone in its BTC Treasury strategy. The company increased its Bitcoin holdings by $10 million to 319.4 BTC, bringing the total value of its Bitcoin Treasury to $30 million at an average purchase price of $93,919 per BTC. The expansion comes just six weeks after the company announced its “Bitcoin first” strategy on Nov. 12, allocating 90% or more of its current and future reserves to Bitcoin. Genius Group’s initial goal is to hold $120 million worth of BTC, and it has already reached 25% of that goal ahead of schedule. Genius Group CEO Roger Hamilton expressed his satisfaction with the progress: “We are consistently purchasing BTC and are pleased to be ahead of our internal schedule to reach our initial goal of 1,000 Bitcoin in our treasury. Focused on the BTC Yield KPI, we are evaluating a variety of investment and financing options that maximize shareholder value while accelerating our progress in building our BTC Treasury.” Related News: Onchain Data Reveals: This Cryptocurrency Whale Made $49 Million in Profits on One Altcoin Today, Now Buys Another Altcoin Genius Group introduced BTC Yield as a Key Performance Indicator (KPI) to evaluate the effectiveness of its BTC Treasury strategy. BTC Yield measures the percentage change in the company’s BTC holdings compared to its diluted shares. In Q4 2024, the company reported a BTC Yield of 1,649%, reflecting significant growth in the Bitcoin per share metric since its first BTC purchase in November 2024. *This is not investment advice. Continue Reading: Everyone’s Focused on MicroStrategy, But Today Another Company Bought Huge Amount of Bitcoin – Here Are The Details