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CoinGape 2024-12-30 16:23:03

Just In; Genius Group Adds $10M in Bitcoin As Part of Treasury Strategy

Just In; Genius Group Adds $10M in Bitcoin As Part of Treasury Strategy

Genius Group Limited (NYSE American: GNS) has increased its Bitcoin Treasury by $10 million, bringing its total Bitcoin holdings to 319.4 BTC, valued at $30 million. The company made the announcement on December 30, 2024, as part of its “Bitcoin-first” strategy, which commits over 90% of its reserves to Bitcoin. Genius Group Adds $10M in Bitcoin Within six weeks of announcing its new strategy on November 12, Genius Group has reached 25% of its $120 million Bitcoin investment goal. The latest $10 million purchase raises the company’s Bitcoin holdings to 319.4 BTC, acquired at an average price of $93,919 per Bitcoin. According to Genius Group’s CEO, Roger Hamilton, the company is pleased with the progress made in expanding its Bitcoin Treasury ahead of schedule. “We are considering various options to maximize shareholder value while continuing to build our Bitcoin Treasury,” Hamilton said. To fund its Bitcoin purchases, the company used a combination of cash reserves, At-the-Market (ATM) offerings, and a $10 million loan from Arch Lending, a crypto-backed loan platform. This Is A Breaking News, Please Check Back For More The post Just In; Genius Group Adds $10M in Bitcoin As Part of Treasury Strategy appeared first on CoinGape .

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