Genius Group, an AI-driven edtech firm based in Singapore, recently added 20 BTC to its Bitcoin treasury, bringing its total to 200 BTC. This acquisition is part of a strategy to build a reserve of 10,000 BTC over time. The company purchased the Bitcoin at an average price of $106,812 each, which was significantly lower than the market price, resulting in a profit of approximately $216,000. This latest purchase follows a series of acquisitions throughout July, doubling its holdings from 100 BTC. Genius Group aims to reach 1,000 BTC by the end of 2025 and 10,000 BTC within two years. The firm is also pursuing a license to issue a stablecoin and plans to enhance its blockchain-based education platform, Genius Academy, which rewards students with Genius Education Merits (GEMs). The recent GENIUS Act in the U.S. is expected to facilitate these initiatives, allowing for direct stablecoin payments and the recognition of on-chain credentials as regulated digital assets. Read more AI-generated news on: https://app.chaingpt.org/news