Genius Group Restricted (NYSE American: GNS) has elevated its Bitcoin Treasury by $10 million, bringing its complete Bitcoin holdings to 319.4 BTC, valued at $30 million. The corporate made the announcement on December 30, 2024, as a part of its “Bitcoin-first” technique, which commits over 90% of its reserves to Bitcoin.
Genius Group Provides $10M in Bitcoin
Inside six weeks of saying its new technique on November 12, Genius Group has reached 25% of its $120 million Bitcoin funding purpose. The most recent $10 million buy raises the corporate’s Bitcoin holdings to 319.4 BTC, acquired at a median worth of $93,919 per Bitcoin.
Based on Genius Group’s CEO, Roger Hamilton, the corporate is happy with the progress made in increasing its Bitcoin Treasury forward of schedule. “We’re contemplating varied choices to maximise shareholder worth whereas persevering with to construct our Bitcoin Treasury,” Hamilton mentioned.
To fund its Bitcoin purchases, the corporate used a mixture of money reserves, At-the-Market (ATM) choices, and a $10 million mortgage from Arch Lending, a crypto-backed mortgage platform.
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Kelvin Munene Murithi
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