Bitcoin

Million

Genius

Read

<p><strong>Key Points:</strong></p>  
<ul class="wp-block-list">
 <li><em>Genius Group Bitcoin treasury currently holds 153 BTC worth $14 million as part of its "Bitcoin-first" strategy to allocate 90% or more of reserves to Bitcoin.</em></li>  
 <li><em>CEO Roger Hamilton announced a podcast launching on November 19 to help businesses understand Bitcoin-based financial strategies.</em></li> 
</ul>  
<h5 class="wp-block-heading">Genius Group, an AI-powered education platform with a "Bitcoin-first" strategy, has <a href="https://www.globenewswire.com/news-release/2024/11/21/2985177/0/en/Genius-Group-increases-Bitcoin-Treasury-40-to-total-purchase-of-153-Bitcoin-for-14-million.html" target="_blank" rel="noopener noreferrer nofollow">added</a> $4 million worth of Bitcoin to its treasury.</h5>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/11/On-Black-19-1.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/11/On-Black-19-1-1024x576.jpg" alt="Genius Group Bitcoin Treasury Boosted With 153 BTC Purchase" class="wp-image-293233"></a>
 <figcaption class="wp-element-caption">
 </figcaption>
</figure>  
<p class="has-background" style="background-color:#222222">Read more: <a href="https://coincu.com/287796-worldcoin-rebranding-announced/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/292794-coinbase-ceo-brian-armstrong-and-trump/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/281218-blackrock-buidl-fund-index/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/258883-bitfinex-and-el-salvador-token-bond-tourism/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/283794-bitcoin-etf-options-approval-make-btc-to-rise/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/292231-former-sec-chair-appointed-to-new-critical-role/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/289280-new-russian-crypto-law-comes-into-effect/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/290756-ftx-co-founder-gary-wang-hopes-not-to-go-to-jail/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/292985-teresa-goody-guillen-for-new-sec-chair/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/288617-microstrategy-founder-michael-saylor-criticized/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/wp-admin/post.php?post=288617&amp;action=edit" rel="noopener noreferrer nofollow">MicroStrategy Founder Michael Saylor Criticized For Controversial Proposal</a></p>  
<h2 class="wp-block-heading" id="genius-group-bitcoin-treasury-expanded-with-4-million-purchase">Genius Group Bitcoin Treasury Expanded with $4 Million Purchase</h2>  
<p>The company now holds a total of 153 Bitcoins, worth about $14 million, that were acquired at an average price of $91,372 per Bitcoin. This is the group's second purchase of Bitcoin since the Genius Group Bitcoin treasury strategy was announced two weeks ago.</p>  
<p>The decision was made after the company informed us of its commitment to invest 90% or more of its reserves into Bitcoin on November 12. Ambitious to hold $120 million in <a href="https://coincu.com/293173-bitcoin-spot-etfs-hit-100b-milestone-10-months/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a>, Genius Group's first purchase was $10 million on November 18. This latest acquisition goes hand in hand with its ongoing plan to meet this target.</p>  
<p>CEO Roger Hamilton explained that the company was inspired by MicroStrategy's Bitcoin centric treasury model but didn't really have a precise set of steps it needed to follow. To help other companies explore such strategies, Genius Group will also release a podcast on November 19, detailing experiences and best practices from using Bitcoin to create value in financial planning.</p>  
<h2 class="wp-block-heading" id="microstrategy-sets-record-with-331-200-btc-holdings">MicroStrategy Sets Record with 331,200 BTC Holdings</h2>  
<p>The decision also comes as <a href="https://coincu.com/292454-microstrategy-bitcoin-holdings-exceed-nikes/" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy</a> continues to acquire Bitcoin under CEO Michael Saylor. Specifically, on November 18, the company <a href="https://coincu.com/292725-microstrategy-bitcoin-acquisition-reaches-331200/" target="_blank" rel="noopener noreferrer nofollow">acquired</a> another 51,780 Bitcoin, valued at $4.6 billion, bringing its total holdings to an astonishing 331,200 BTC.</p>  
<p>The Genius Group Bitcoin treasury strategy points to the growing trend of corporate Bitcoin adoption, where businesses increasingly view the cryptocurrency as a viable reserve asset. Its bold strategy aims to make it a pioneer in Bitcoin integration into financial operations.</p>  
<figure class="wp-block-table">
 <table class="has-luminous-vivid-orange-color has-text-color has-link-color">
  <tbody>
   <tr>
    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
   </tr>
  </tbody>
 </table>
</figure>  <a href="https://coincu.com/?p=293228" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

Genius Group Bitcoin Treasury Boosted With 153 BTC Purchase

Table of Contents

Coincu

Other articles published on Nov 21, 2024

Pump.Fun Achieves Unprecedented Growth in the Crypto Market

BingX Launches Spot Innovation Zone to Seize Bullish Market Opportunities

South Korea Prohibits Bitcoin ETF Launches

Bybit Web3 Deepens Outreach and Support for TON Community with TON Foundation, TON Society, and T...

Ripple Killer to Mint New Crypto Millionaires by January 2025, XRP Whales Quietly Join

XRP: Massive Two Million Drop in Four Days

Join our free newsletter for daily crypto updates!