Genius Group Limited has resumed Bitcoin purchases following a favorable ruling from the U.S. Court of Appeals, which opens new opportunities for their financial objectives.
Resumption of Bitcoin Purchases
Genius Group Limited has resumed Bitcoin purchases after a favorable ruling from the U.S. Court of Appeals on May 6, 2025, lifting the previous ban on such activities.
Plans for Accumulating 1,000 BTC
Genius Group, an education company based in Singapore, has resumed buying Bitcoin after the court ruling. The company aims to build a treasury of 1,000 BTC, marking a significant financial move.
Impact on Company Strategy
The company purchased 24.5 Bitcoin, increasing their holdings by 40% to 85.5 BTC. This acquisition, valued at $8.5 million, signals the company's commitment to their reserve strategy. The legal decision may influence other corporations' views on Bitcoin treasury strategies.
The court ruling has opened new opportunities for Genius Group in accumulating Bitcoin, which may influence future financial strategies for both the company and other market players.
