Genius Group has raised its Bitcoin reserves to $35 million, ahead of its scheduled milestone, showcasing its commitment to the 'Bitcoin-first' strategy.
Growth of Genius Group's Bitcoin Fund
The Singapore-based AI-powered education company, Genius Group, has acquired $5 million worth of Bitcoin. The company's total Bitcoin holdings now stand at 372 BTC, with an average acquisition price of $94,047 per Bitcoin. As of January 9, the company's Bitcoin Treasury was valued at $35 million.
Additional Loan for Reserve Expansion
To further grow its Bitcoin Treasury, Genius Group increased its loan with Arch Lending from $10 million to $14 million, maintaining a loan-to-value ratio of 40%. This strategy allows the company to fund its reserves without selling Bitcoin.
Bitcoin as Genius Group's Financial Strategy
Roger Hamilton, CEO of the company, emphasized Bitcoin as a 'store of value' in the digital economy. This strategy aligns with the company's plans to integrate blockchain technology into its educational platforms, including utilizing the Lightning Network for certification processes and reward systems.
Genius Group's 'Bitcoin-first' strategy reflects their confidence in Bitcoin's role in the future digital economy and is supported by their plans to integrate blockchain solutions into educational platforms.
