Genius Group adopts a Bitcoin-first strategy, investing in Bitcoin reserves and launching Web3 education to lead innovation and financial growth.
Genius Group Limited has announced a bold move to adopt a “Bitcoin-first” strategy. The AI-powered education group has decided to make Bitcoin its primary treasury reserve asset. This decision follows a recent restructuring of the company’s board, which includes blockchain and Web3 technologies experts. This plan aims to achieve market synergy with the future of finance to place Genius Group at the forefront of Blockchain education.
The new policy means that 90% or more of the company’s reserves will be invested in Bitcoin. It also intends to buy Bitcoins worth up to $120 million using its new $150 million ATM funding. This is a long-term investment in assets designed to improve the financial structure of Genius Group and, in the process, enhance shareholders’ wealth.
In addition to this financial strategy, the company is starting the Web3 Wealth Renaissance education series. This will enable the students to learn about Bitcoin, cryptocurrency and blockchain technologies. It is a series supported by Artificial Intelligence designed to help students harness the future digital economy.
Bitcoin-First Strategy Positions Genius Group as Pioneer in Education and Innovation
Through acquiring AVER, Genius Group will also accept Bitcoin as a means of payment on its EdTech platform, deepening cryptocurrency adoption. Thomas Power, the Director of Genius Group, noted that Bitcoin is an essential asset for driving exponential tech. The company fully supports the approach Michael Saylor and MicroStrategy started, as it will be profitable in the long term.
Ian Putter, the director of Genius Group, explained the advantages of Singapore in terms of taxes, especially the absence of capital gains tax. This reasonable tax rate will add value to the company’s Bitcoin balance sheet holdings and increase market sentiment towards Bitcoin. Therefore, Genius Group can adapt to its financial strategy and enhance the overall quality of its long-term assets.
CEO Roger Hamilton disclosed the strategy as the firm moves to overcome a two-year fight with market manipulators. Despite these challenges, Genius Group holds that the adoption of Bitcoin will assist in determining the correct share price and enhance its market capitalization.
Therefore, Bitcoin, as the first currency in Genius Group, is a significant step forward for this company in terms of innovation and education. This makes the firm among the first NYSE-listed firms to fully adopt the Bitcoin strategy. As a result, this will pave the way for others in the digital economy.
