Genius Group (GNS) announced that it had increased its Bitcoin (BTC) purchases for its Bitcoin Treasury by an additional $2M to 214 Bitcoin for $20M, at an average price of $93,586 per Bitcoin. The total purchase of $20M of Bitcoin has been made within a month of the Company’s announcement in November of its “Bitcoin-first” strategy where it is committing 90% or more of its current and future reserves to be held in Bitcoin, with an initial target of $120M in Bitcoin.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GNS:
- Genius Group Seeks Arbitration to Rescind FatBrain AI Acquisition
- Genius Group Limited Expands Bitcoin-Focused Education Initiatives
- Genius Group increased its Bitcoin purchases for its Treasury by $2.2M
- Genius Group Enhances Bitcoin Education with New Acquisition
- Genius Group acquires XD Academy, terms not disclosed