Singapore Company Increases Bitcoin Reserves by 20%: Target is 8 Times in 6 Months!

Genius Group announced that it has reached a total of 120 BTC by increasing its Bitcoin (BTC) reserves by 20%, stating its goal of achieving 1,000 BTC within the next six months.

The Singapore-based education firm Genius Group Limited (GNS) officially confirmed in its recent notification to the U.S. Securities and Exchange Commission (SEC) that it is accelerating its Bitcoin purchases. The company raised its reserves to a total of 120 BTC by purchasing 20 Bitcoin at an average price of $101,539. This move also brought with it larger goals regarding the company's Bitcoin acquisitions.

After a U.S. court lifted a previously imposed ban on Bitcoin purchases in May, Genius Group quickly took action and doubled its reserves. Company CEO Roger Hamilton highlighted the critical role of Bitcoin in Genius Group's vision. Hamilton stated that the company aims to help people move away from routine daily tasks and focus on more meaningful life goals by providing training in artificial intelligence (AI), digital finance, and community values.

In the last two weeks, Genius Group's shares have risen by more than 300%, making a significant impact in the markets. Since the beginning of the year, shares have more than doubled, reaching a level of $1.44. Despite this rise, the company's shares are still down over 40% on an annual basis.

The company's stated target of 1,000 BTC has attracted investors' attention while also increasing expectations for Bitcoin's future price movements. Genius Group is taking a strong step toward the future digital currency world by increasing Bitcoin purchases in addition to its AI training.