As the interest in Bitcoin grows, Genius Group has joined the trend of creating corporate cryptocurrency reserves.
Genius Group Bitcoin Reserve
Singapore-based Genius Group, known for its innovative approach in education, announced on December 30, 2024, the acquisition of $10 million worth of Bitcoin, increasing its holdings by 50%. This action brought the total Bitcoin owned by Genius Group to 319.4 BTC.
Corporate Bitcoin Reserves as the New Trend
Genius Group is not the first to use Bitcoin as a corporate asset. Many companies, including Thumzup Media and Tesla, are implementing Bitcoin in their treasuries. This has become a new trend alongside the growing interest from companies like MicroStrategy and Tesla, which have long pursued an active Bitcoin policy. However, this strategy raises debate, such as with Microsoft, where shareholders rejected adding Bitcoin to the company's balance sheet, citing the unpredictability of such investments.
Despite differing opinions on the feasibility of investing in Bitcoin, Genius Group and other companies continue to follow the trend, assessing the long-term value of cryptocurrency as a hedge against inflation and an enhancement of corporate image.
