AI Firm Genius Group Adopts Bitcoin as Primary Treasury Asset; Shares Spike 50% [Yahoo! Finance]
Genius Group Limited Ordinary Shares (GNS)
Company Research
Source: Yahoo! Finance
The decision follows a board-level restructuring to include several people with crypto backgrounds. Artificial intelligence company Genius Group (GNS) has adopted bitcoin {{BTC}} as its primary treasury asset, committing 90% of its current and future reserves to be held in bitcoin, according to a press release Shares in the Singapore-based company rose as much as 50% in premarket trading before giving up much of the move. They remain 10% higher than Monday's close, at $0.70 per share. The company said it plans to acquire an initial $120 million worth of bitcoin — about 1,380 BTC at current prices — that will be held for the long term. It will also enable bitcoin payments for its Edtech platform. The decision follows a restructuring of the company's board to include several people with backgrounds in crypto and Web3 technologies. Genius follows a path set by Michael Saylor-led software developer MicroStrategy, which now holds 279,420 BTC ($24 billion) after adopting a strategy
Show less
Read more
Impact Snapshot
Event Time:
GNS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GNS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GNS alerts
High impacting Genius Group Limited Ordinary Shares news events
Weekly update
A roundup of the hottest topics
GNS
News
- Genius Group increases Bitcoin Treasury 40% to total purchase of 153 Bitcoin for $14 millionGlobeNewswire
- Genius Group Announces Preliminary First Half 2024 Financial Results: 130% Pro Forma Revenue Growth [Yahoo! Finance]Yahoo! Finance
- Genius Group Announces Preliminary First Half 2024 Financial Results: 130% Pro Forma Revenue GrowthGlobeNewswire
- Genius Group launches Bitcoin Treasury with purchase of 110 Bitcoin for $10 millionGlobeNewswire
- Genius Group Adopts Bitcoin Treasury Reserve StrategyGlobeNewswire
GNS
Sec Filings
- 11/21/24 - Form 6-K
- 11/20/24 - Form 6-K
- 11/18/24 - Form 6-K
- GNS's page on the SEC website