🔴 Genius Group Buys More Bitcoin After Court Greenlight
Singapore-based education and AI company Genius Group is doubling down on Bitcoin. After a recent U.S. court ruling lifted earlier restrictions, the firm quickly resumed its crypto strategy—buying 24.5 BTC worth about $2.7 million. This brings the company’s total holdings to 85.5 BTC, a 40% jump.
CEO Roger Hamilton says the move is part of Genius Group’s long-term plan to position itself for the future digital economy. The company’s average Bitcoin purchase price is around $99,700 per coin, signaling its confidence in BTC’s role as a long-term store of value.
Genius joins a growing number of companies treating Bitcoin as a treasury asset, following the lead of firms like MicroStrategy. However, not all investors are cheering—Genius Group’s stock (NYSE: GNS) fell more than 8% after the news, closing at $0.3448.