Genius Group Gains After Boosting Bitcoin Holdings
Genius Group Limited (NYSE: GNS) shares gained Wednesday, as the leading AI-powered, Bitcoin-first education group, today announced that on Tuesday it increased its Bitcoin Treasury by 20% to 120 Bitcoin. That currency has been purchased at an average price of $101,539 per bitcoin.
The Singapore-based company is accelerating its purchase plan with more frequent purchases.
With its most recent purchase, Genius Group has doubled the size of its Bitcoin Treasury since May 22 of this year, when a Preliminary Injunction preventing the Company from purchasing Bitcoin was stayed by the U.S. Court of Appeals pending the appeal hearing.
The Company is restating its target to build its Treasury to 1,000 Bitcoin within the next six months.
CEO Roger Hamilton said “Genius Group’s focus is on teaching the ABC’s of the future: AI (Digital workforce of the future), Bitcoin (Digital money of the future) and Community (Human values of the future), empowering our students to shift focus from their day’s work to their life’s work. Our Bitcoin Treasury is a key part of our Genius philosophy of preserving and growing value.”
Genius Group is a Bitcoin-first business delivering AI powered, education and acceleration solutions for the future of work.
GNS shares acquired two cents Wednesday to $1.46.
