Genius Group increases Bitcoin holdings to $35 million, advancing its “Bitcoin-first” strategy, with plans to reach $1 billion.
Genius Group, a leading AI-powered education company, has announced an increase in its Bitcoin purchases. The company also poured in an extra $5 million to their Bitcoin Treasury. This has increased its total holdings to 372 Bitcoin valued at $35 million. On average they paid $94,047 per Bitcoin in order to make the purchase.
The announcement comes a day after the company announced its ‘Bitcoin first‘ strategy on November 12, 2024. Genius Group committed to having 90% or more of its reserves held in Bitcoin. The initial goal of the company is to total $120 million in Bitcoin. How did this recent purchase already put the company at 30 percent of its target? It has met this milestone ahead of schedule.
The company’s Bitcoin Treasury as of Thursday, January 9, 2025 has a market value of $35 million. At the time the company had a market capitalization of $42 million and 66 million issued shares. At 83%, the BTC/price ratio was $0.64. The ratio is simply the Bitcoin Treasury market value divided by the company’s market cap.
Genius Group Plans $1 Billion Bitcoin Treasury Goal
Beyond the Bitcoin holdings, Genius Group has also boosted its Bitcoin-backed loan with Arch Lending. The loan amount jumped from $10 million in 2009 to $14 million this year, which means that the loan to value is now 40%.
In addition, another giant company, MicroStrategy, bought Bitcoin this time on January 6, 2025. 1,070 BTC were bought for $101 million by the company. This is indicative of the trend companies are adopting of putting Bitcoin on their balance sheets.
Additionally, Genius Group has also approved a compensation plan for founder and CEO Roger Hamilton. It has milestones to reaching a target market cap of $1 billion within 10 years. As part of this plan, the company plans to grow its Bitcoin treasury to $1 billion in net asset value.
The wider blockchain education lead that the company envisions is part of its ‘Bitcoin First’ strategy. Genius Group is set for growth with a strong focus on Bitcoin and blockchain technologies. The company will continue to acquire Bitcoin because it believes the cryptocurrency will maintain its value in the long term. Genius Group understands that through these smart moves, they will be able to put a sturdy foundation for the future of education and finance.
