Genius Group Limited (GNS) has released an update.
Genius Group Limited has embarked on a bold Bitcoin treasury plan, allocating $10 million to begin accumulating Bitcoin and reducing debt by $5.2 million through early repayment. The company secured a favorable court ruling to restrain the transfer and voting rights of 7.4 million of its shares, and partnered with Coinbase Singapore as its Bitcoin custodian, benefitting from 0% capital gains tax on its holdings. These strategic moves aim to strengthen its financial position, appealing to investors interested in innovative financial strategies.
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