Summary:
Genius Group increases its Bitcoin Treasury to $20 million with 214 Bitcoins.
Plans to commit 90% of reserves to Bitcoin, targeting $120 million.
Launching Genius Bitcoin Academy and Genius Blockchain Academy in January 2025.
Partnership with Applied Blockchain for innovative edtech platform.
Sponsoring major industry events to enhance leadership in Bitcoin-first education.
Genius Group Expands Bitcoin Treasury to a Staggering $20 Million
Genius Group (NYSE American: GNS) has made headlines with its latest announcement of expanding its Bitcoin Treasury by purchasing an additional $2 million in Bitcoin, bringing the total to 214 Bitcoins at an average price of $93,586 per Bitcoin. This significant investment is part of the company's Bitcoin-first strategy, which commits to holding 90% or more of its reserves in Bitcoin, with a bold target of $120 million.
Launching Educational Initiatives
In an exciting move, Genius Group is set to launch the Genius Bitcoin Academy and Genius Blockchain Academy in January 2025. These academies will offer a range of educational options including microcourses, microdegrees, and certifications. A strategic partnership with Applied Blockchain will enhance the educational experience by introducing a new edtech platform that ties student credits to Bitcoin's Satoshis and offers certifications on the Lightning Network.
Industry Engagement and Sponsorships
Genius Group is also actively sponsoring several major industry events, including:
- FutureFi Summit
- Consensus Hong Kong
- Bitcoin Investor Day
- Consensus Toronto
These initiatives are aimed at solidifying the company's leadership position as a Bitcoin-first, AI-powered education provider while simultaneously building its Bitcoin Treasury. Moreover, the company is exploring various sources of capital to facilitate further Bitcoin purchases.
Strategic Insights
The increase in GNS's Bitcoin holdings to $20 million signifies a substantial commitment, positioning the company well above current market prices. The combination of educational initiatives with a strong focus on Bitcoin allows Genius Group to capitalize on the growing cryptocurrency sector. However, the strategy also exposes the company to the inherent volatility associated with cryptocurrency investments.
Stay tuned for more developments as Genius Group continues to innovate in the world of Bitcoin and education!
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