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Everyone focused on MicroStrategy, but another company bought a large amount of Bitcoin! Here are the details
Genius Group, an AI-supported education company with a focus on Bitcoin, has announced a significant milestone in its BTC Treasury strategy. Please provide the source text for translation. The company increased its Bitcoin assets by $10 million, raising it to 319.4 BTC and bringing the total value of the Bitcoin Treasury to $30 million at an average purchase price of $93,919 per BTC.
This expansion comes just six weeks after the company announced its 'Bitcoin-first' strategy on November 12, allocating 90% or more of its current and future reserves to Bitcoin. Genius Group's initial target is to hold $120 million worth of BTC, and it has already reached 25% of this target ahead of schedule.
Genius Group CEO Roger Hamilton expressed his satisfaction with the progress:
Genius Group has introduced BTC Yield as a Key Performance Indicator (KPI) to evaluate the effectiveness of its BTC Treasury strategy. BTC Yield measures the percentage change in BTC assets compared to the company's diluted shares.
In the fourth quarter of 2024, the company reported a BTC Return of 1.649%, reflecting significant growth in Bitcoin metrics per share since the first BTC purchase in November 2024.