Summary: Genius Group is a Singapore-based artificial intelligence focused company or firm which has just now invested an additional $14M on its Bitcoin holding which just seems to be every company’s plan right now as BTC just hit it’s ATH of $97,000. The company raised its total treasury to 153 BTC and the announcement made on Nov.21 help increase the company’s share by 8.5%.
Accelerated Bitcoin Strategy
Genius Group recently adopted a crypto-based policy named ” Bitcoin-first” strategy and this latest purchase followed said policy. This policy includes committing 90% or more of its reserves to Bitcoin which shows their trust on Bitcoin as a currency and asset. Key developments on said case include:
- A $10M Bitcoin purchase on Nov.18
- Additional investment of $14M on announced on Nov. 21.
- Formation of a crypto-focused treasury to have $120M in Bitcoin holdings.
Strategic Shift Towards Bitcoin
Roger Hamilton who’s the big man, The CEO said that this move reflects a growing rapid trend amongst public companies of rethinking and revising their financial and economical strategies and increasing Bitcoin allocations.
After this much of commitment and investment on Bitcoin, Genius Group becomes yet another company that has managed to position itself as a leader among AI firms using Bitcoin for treasury management which goes hand to hadn with bigger and greater industry trends.
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