Bitcoin

Genius

<p class="is-style-lead">Genius Group has significantly bolstered its Bitcoin treasury, acquiring 194 Bitcoin worth $18 million at an average price of $92,728 per Bitcoin.</p>
<p>This move aligns with its <a href="https://crypto.news/ai-firm-genius-group-boosts-bitcoin-treasury-with-14m-purchase/" target="_blank" rel="noopener noreferrer nofollow">“Bitcoin-first” strategy</a>, which commits at least 90% of the company’s reserves to Bitcoin, with a target of $120 million in holdings, according to a company release.</p>
<p>&nbsp;Genius Group sees Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) which dedicates at least 90% of its reserves to Bitcoin, aiming for a total of $120 million in holdings. The initiative began in November with a $10 million Bitcoin purchase, followed by consistent weekly investments averaging $2 million..</p>
<p>The company will elaborate on this strategy during an Investor Meeting at Bitcoin MENA 2024 in Abu Dhabi on December 10, where CEO Roger Hamilton will also present the AI-powered “Built on Bitcoin” decentralized education network.</p>
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   <p lang="en" dir="ltr">1 Day to Go! <br>the Genius Group Investor Meeting live from Bitcoin MENA 2024 in Abu Dhabi is live on X Space.<br>December 10, 2024 5.30pm GST | 8.30am EST <br><br>🎧 Tune in for exclusive insights into the future of AI, blockchain, and crypto from world-class speakers.… <a rel="noopener noreferrer nofollow" href="https://t.co/hKbtBrFYfe" target="_blank">pic.twitter.com/hKbtBrFYfe</a></p>— GEN!US (@geniususocial) <a href="https://twitter.com/geniususocial/status/1866105521578901943?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 9, 2024</a>
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<p>You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/number-of-bitcoin-millionaire-wallets-to-triple-in-2024/"> Number of Bitcoin millionaire wallets to triple in 2024 </a></p>
<h2 class="wp-block-heading" id="ai-and-bitcoin">AI and Bitcoin&nbsp;</h2>
<p>The firm integrates AI solutions into education and views Bitcoin as a cornerstone of its financial strategy. CEO Roger Hamilton <a href="https://crypto.news/genius-group-adds-1-8m-to-bitcoin-treasury-now-holds-172-btc/" target="_blank" rel="noopener noreferrer nofollow">has likened the company’s approach</a> to other publicly traded firms adopting Bitcoin as a reserve asset, citing its potential as a “store of value” in the digital economy.</p>
<p>Genius Group’s “Bitcoin-first” strategy aligns with its broader plans to incorporate blockchain into its AI-powered educational platforms. These plans include on-chain certifications and rewards systems leveraging Bitcoin’s Lightning Network.</p>
<p>This move mirrors trends among firms like <a href="https://crypto.news/tag/microstrategy/" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy</a>, which have <a href="https://crypto.news/saylors-microstrategy-added-2-1b-in-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">embraced Bitcoin</a> to diversify treasury holdings amid macroeconomic shifts. Genius Group’s emphasis on speed and consistency in its Bitcoin acquisitions reflects a long-term strategy rather than reacting to market volatility.&nbsp;</p>
<p>You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/riot-pads-bitcoin-trove-with-500m-note-sale/"> Riot pads Bitcoin trove with $500m note sale </a></p>

Genius Group expands Bitcoin holdings to $18m in Bitcoin reserve

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