Genius Group Limited announced on December 10, 2024, that it had increased its Bitcoin purchases for its Bitcoin Treasury by an additional $2.2 million. This brings the total holdings to 191 Bitcoin, valued at $18 million, with an average purchase price of $92,728 per Bitcoin.
This expansion is a direct continuation of the company's 'Bitcoin-first' strategy, announced on November 12, which commits 90% or more of its current and future reserves to be held in Bitcoin. The initial target for this strategy is $120 million in Bitcoin.
The company's consistent Bitcoin acquisitions, including an initial $10 million purchase in the week following the strategy announcement, demonstrate its commitment to this new financial direction. This move reinforces Genius Group's strategic positioning in the cryptocurrency space.
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