CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Crypto Potato 2025-06-17 21:28:56

Genius Group Expands Bitcoin Holdings by 52% Following Court-Ordered Resumption

AI-powered education group Genius Group has boosted its Bitcoin holdings by more than 50% in a renewed show of confidence in the digital asset. The company disclosed that it increased its corporate Bitcoin treasury from 66 BTC to 100 BTC, an addition of 34 BTC worth approximately $3.42 million, which brings the total value of its holdings to $10.06 million at an average purchase price of $100,600 per Bitcoin. Genius Group Ramps Up Bitcoin Treasury The move comes just weeks after a US Court of Appeals ruling on May 6 lifted restrictions that had temporarily blocked the firm from acquiring additional Bitcoin due to a legal dispute tied to its merger with FatBrain AI. The company resumed its BTC accumulation on May 22 with a $2.7 million investment, a move that signals a broader return to its Bitcoin Treasury Reserve Strategy. The Singapore-based firm has reaffirmed its long-term ambition to grow its holdings to 1,000 BTC, which aligns with a rising trend of institutional adoption amid ongoing macroeconomic uncertainty. In an official statement , Genius Group CEO, Roger Hamilton, said, “We’re pleased to be able to have regained the right to manage our company’s capital in the way our Board and shareholders sees fit. Our 100 Bitcoin milestone is a significant step towards our 1,000 Bitcoin target.” Genius Group suffered a turbulent period earlier this year when it was legally forced to downsize its treasury amid ongoing litigation. In April, the company began liquidating part of its Bitcoin reserves after a US District Court order barred it from raising capital or investing in BTC. At the time, Hamilton criticized the court’s ruling as being rooted in false statements and financial coercion, and claimed the legal actions were orchestrated by individuals already facing fraud allegations. From Crisis to Comeback Data from Google Finance shows that Genius Group’s share price has fallen sharply in 2025, dropping by 68% from highs above $0.70 in early January to a low near $0.22 in April, which closely mirrored the timeline of the company’s legal challenges. However, the stock has shown signs of recovery in recent weeks, trading at $0.36 as of June 17. The modest rebound suggests renewed investor confidence following the May court ruling. The post Genius Group Expands Bitcoin Holdings by 52% Following Court-Ordered Resumption appeared first on CryptoPotato .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.