Genius Group, a Singapore-based AI and education firm, has made significant moves to increase its Bitcoin holdings.
Investment in Bitcoin
The Genius Group recently invested an additional $2 million in Bitcoin, expanding its reserves to 440 BTC. This investment was made at an average price of $95,519 per Bitcoin.
Comparison with Market Capitalization
As of January 31, Bitcoin was trading at $104,893, which brought the Genius Group's Bitcoin treasury value to approximately $46 million. Notably, this amount exceeds the company's market capitalization of $33.1 million, showcasing its significant commitment to cryptocurrency.
Strategic Steps of the Company
Genius Group's aggressive Bitcoin accumulation started with a recent $35 million purchase just a few weeks ago. The company aims to increase its digital assets to $120 million using various financial strategies, including reserves, an at-the-market (ATM) facility, and crypto-backed loans.
Through these strategic decisions, Genius Group is rapidly approaching the leading positions among companies supporting Bitcoin investment, joining corporations like MicroStrategy.
