The Singapore-based firm Genius Group now holds 172 BTC, advancing its “Bitcoin-first” treasury strategy amid growing institutional adoption.
Expanding Bitcoin Holdings
Genius Group Limited, an AI-driven education firm in Singapore, has increased its Bitcoin reserves by acquiring $1.8 million worth of Bitcoin. The firm now holds 172 BTC, worth approximately $15.8 million, with an average purchase price of $92,006 per Bitcoin.
Commitment to a Bitcoin-First Strategy
Genius Group remains committed to its “Bitcoin-first” treasury approach, with plans to allocate 90% of its reserves to Bitcoin. The company aims to achieve a treasury target of $120 million. This strategic move reflects the firm’s confidence in Bitcoin as a reliable “store of value” within the growing digital economy.
Blockchain Integration in Education
The company integrates blockchain technology into its AI-powered educational platforms. Plans include on-chain certifications and reward systems leveraging Bitcoin’s Lightning Network. These initiatives align with Genius Group’s long-term goals of innovation in education and cryptocurrency adoption.
Bitcoin’s Role in Treasury Diversification
This move mirrors the trend among firms like MicroStrategy that use Bitcoin to diversify treasury holdings amid changing macroeconomic conditions. Genius Group emphasizes consistency in Bitcoin acquisitions, signaling a long-term investment strategy beyond market fluctuations.
Growing Institutional Interest in Bitcoin
Traditional enterprises and financial institutions increasingly adopt Bitcoin in response to shifting global economic dynamics. Genius Group’s latest acquisition reinforces its position as a leader in Bitcoin adoption within the education sector. The firm’s forward-thinking approach may encourage similar strategies across industries.
Strengthening Market Position
By enhancing its Bitcoin holdings, Genius Group solidifies its market position and financial resilience. This proactive stance underscores the firm’s belief in Bitcoin’s transformative potential as a financial asset in the digital age.
Disclaimer:
The information provided on 13Desk is for informational purposes only and should not be considered financial advice. We strongly recommend conducting your own research and consulting with a qualified financial advisor before making any investment decisions. Investing in cryptocurrencies carries risks, and you should only invest what you can afford to lose. 13Desk is not responsible for any financial losses incurred from your investment activities.
