On May 22, PANews reported that Genius Group (NYSE American: GNS), an artificial intelligence education group, announced the resumption of Bitcoin reserve construction after the appeal court in the United States lifted the injunction. The company recently increased its holdings by 24.5 BTC, bringing its current total to 85.5 BTC (total cost of $8.5 million, average price of $99,700 per coin), a 40% increase from before. The company reiterated its plan to continue increasing its holdings to a target of 1,000 BTC by November 2024. In February 2025, its holdings reached 440 BTC, but it was forced to sell most of its holdings between February 14 and May 6 due to a temporary restraining order from the court. The company has filed a RICO Act amendment lawsuit in this regard in the Southern District of Florida.
Genius Group plans to launch a Bitcoin Academy at the end of May, inviting participants such as Saifedean Ammous, the author of 'The Bitcoin Standard'. CEO Roger Hamilton stated that rebuilding Bitcoin reserves is a key part of the company's development strategy for 2025, aimed at promoting AI, Bitcoin, and community education.
