Genius Group buys $5m more in Bitcoin, totaling treasury to $35m

Genius Group Limited has increased its Bitcoin Treasury to $35 million. This purchase surpassed its milestone ahead of schedule in its ongoing effort to amass $120 million in Bitcoin holdings, according to a company release. The latest purchase comes just two months after the Singapore-based, AI-powered education company announced its “Bitcoin-first” strategy in early November. Genius Group added $5 million worth of Bitcoin ( BTC ) purchases, bringing its total holdings to 372 BTC at an average acquisition price of $94,047 per Bitcoin. As of Jan. 9, the company’s Bitcoin Treasury was valued at $35 million, reflecting the current Bitcoin price of around $94,000. With Genius Group’s market capitalization at $42 million, its BTC-to-price ratio stands at 83%. You might also like: BNB price ignores the crypto crash: could it surge 70%? Genius Group’s additional loan To further grow its Bitcoin Treasury, Genius Group has increased its loan with Arch Lending from $10 million to $14 million, maintaining a loan-to-value ratio of 40%, according to the release. The company is heavily leveraging crypto-backed loans to fund its reserves without selling Bitcoin, in line with its strategy of allocating 90% or more of its reserves to Bitcoin. Genius Group, which integrates AI solutions into education, views Bitcoin as a key component of its financial strategy. CEO Roger Hamilton has compared the company’s approach that of other publicly traded firms that have adopted Bitcoin as a reserve asset, emphasizing its potential as a “store of value” in the digital economy. The firm’s “Bitcoin-first” strategy aligns with its broader plans to incorporate blockchain technology into its AI-powered educational platforms. These plans include implementing on-chain certifications and reward systems using Bitcoin’s Lightning Network. You might also like: How to start a cloud miner with Solana and earn $3000