news 
Genius Group Grows Bitcoin Treasury by $10 Million
In a significant development, Genius Group Limited has announced that it has added an additional $10 million to its Bitcoin treasury, bringing the total holdings to 319.4 BTC at an average purchase price of $93,919 per Bitcoin. This remarkable achievement is all the more impressive considering the company unveiled its “Bitcoin-first” strategy just six weeks ago.
As part of this strategy, Genius Group has seen a substantial increase in its Bitcoin Treasury, which now stands at $30 million. The company is ahead of schedule to meet its initial goal of $120 million in Bitcoin reserves, marking significant progress in its treasury plan.
A notable highlight from the quarter is the impressive 1,649% BTC Yield achieved by Genius Group, a proprietary metric used to gauge the performance of its Bitcoin Treasury. This exceptional yield highlights the company’s shrewd investment decisions and commitment to maximizing shareholder value.
CEO Roger Hamilton emphasized the strategic importance of the treasury initiative: “We have been buying Bitcoin consistently and are pleased to be ahead of our internal schedule to reach our initial target of 1,000 Bitcoin in our treasury. Now, we are considering various investment and finance options that maximize shareholder value whilst accelerating our progress in building our Bitcoin Treasury.”
As of December 29, 2024, Genius Group’s Bitcoin holdings were valued at $30.4 million, based on the cryptocurrency’s market price of $95,060. Notably, the market capitalization stood at $40.6 million, resulting in a BTC-to-market-cap ratio of 75%.
The company has funded its purchases through a combination of reserves, an at-the-market offering, and a $10 million Bitcoin-backed loan from Arch Lending.
This remarkable milestone is a testament to Genius Group’s dedication to its “Bitcoin-first” strategy and commitment to building a robust treasury.
Source: www.cryptonewsz.com
