Genius Group recently increased its holdings by 24.5 BTC, resuming Bitcoin reserve building
According to GlobeNewswire, the AI education group Genius Group (NYSE American: GNS) announced that it has resumed building its Bitcoin reserves after the injunction was lifted by the U.S. Court of Appeals. The company recently increased its holdings by 24.5 BTC, bringing its current total to 85.5 BTC (at a total cost of $8.5 million, with an average price of $99,700 per BTC), marking 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. CEO Roger Hamilton stated that rebuilding the Bitcoin reserves is a key part of the company's 2025 development strategy, aimed at promoting AI, Bitcoin, and community education.
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