Genius Group increases Bitcoin Treasury 40% to total purchase of 153 Bitcoin for $14 million
Genius Group Limited Ordinary Shares (GNS)
Company Research
Source: GlobeNewswire
SINGAPORE, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading AI-powered, Bitcoin-first education group, today announced that it had increased its Bitcoin purchases for its Bitcoin Treasury by an additional $4 million to 153 Bitcoin for $14 million, at an average price of $91,372 per Bitcoin. The purchase of an additional $4 million of Bitcoin follows the Company’s announcement on November 12 of its “Bitcoin-first” strategy in which it is committing 90% or more of its current and future reserves to be held in Bitcoin, with an initial target of $120 million in Bitcoin. The Company subsequently announced the purchase of its first $10 million of Bitcoin purchased on November 18. This purchase represents the second purchase of Bitcoin in the two weeks since the Company established its Bitcoin Treasury. The purchase is part of the ongoing purchases the Company intends to continue to make towards its initial $120 mill
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News
- 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
- AI Firm Genius Group Adopts Bitcoin as Primary Treasury Asset; Shares Spike 50% [Yahoo! Finance]Yahoo! Finance
- 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