Genius Group, based in Singapore, has expanded its Bitcoin-focused strategy by investing an additional $1.8 million in cryptocurrency.
Genius Group Acquires More Bitcoin
Genius Group recently purchased an additional $1.8 million worth of Bitcoin, bringing its total holdings to 172 BTC. The average purchase price was $92,006 per Bitcoin, as stated in the company's press release.
Company Strategy in Education Sector
The firm, integrating AI solutions into education, views Bitcoin as a cornerstone of its financial strategy. CEO Roger Hamilton highlighted the company's focus on using Bitcoin as a 'store of value' in the digital economy.
Market Trends in Bitcoin Adoption
This acquisition mirrors trends seen in companies like MicroStrategy, adopting Bitcoin for their treasury reserves. It is important to note that this purchase is part of a long-term strategy, not merely a reaction to market volatility.
With its strengthened Bitcoin position, Genius Group emphasizes the role of cryptocurrencies in its educational and financial strategies, potentially inspiring other companies to explore similar approaches.
