In a significant move within the cryptocurrency and education sectors, Genius Group Limited, a pioneering AI-powered and Bitcoin-first education company, has announced a substantial addition to its Bitcoin Treasury. The company has acquired an additional $10 million in Bitcoin, bringing its total holdings to 319.4 Bitcoins. These holdings are currently valued at an impressive $30 million, with an average purchase price of $93,919 per Bitcoin.
Commitment to a Bitcoin-First Strategy
This ambitious acquisition is part of Genius Group’s broader “Bitcoin-first” strategy, which was publicly announced just six weeks prior. The company has committed to maintaining 90% or more of its current and prospective reserves in Bitcoin, with a bold initial target of $120 million. To date, Genius Group has successfully achieved 25% of this target, surpassing their expectations ahead of schedule.
Genius Group Achieves 1,649% BTC Yield
As part of its strategic approach, Genius Group has adopted BTC Yield as a critical Key Performance Indicator (KPI) to assess the effectiveness of its Bitcoin Treasury strategy. This metric not only benefits shareholders but also provides a means for the company to benchmark its performance against other Bitcoin Standard enterprises. In a remarkable achievement, Genius Group realized a BTC Yield of 1,649% in the fourth quarter of 2024, from its initial Bitcoin purchase in November 2024 to the current date.
CEO Insights on Bitcoin Strategy
Roger Hamilton, CEO of Genius Group, expressed satisfaction with the progress, stating, “It has been less than two months since we launched our Bitcoin Treasury Strategy. 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.” Hamilton also indicated that the company is exploring various investment and finance options to maximize shareholder value while accelerating their Bitcoin Treasury growth.
Financial Maneuvers to Maximize BTC Yield
In maximizing its BTC Yield for Q4 2024, Genius Group utilized a combination of its reserves, an ATM, and a $10 million Bitcoin loan from the crypto-backed loan platform, Arch Lending. This strategic financial maneuvering has been instrumental in funding its Bitcoin purchases effectively.
CFO Commentary on Market Position
Genius Group’s CFO, Gaurav Dama, highlighted the company’s strong performance, stating, “Whilst we are pleased to be achieving a high BTC Yield, we believe our Bitcoin performance is not yet reflected in our share price. This is indicated by Genius Group having a high BTC / Price ratio of 75%, which we believe is significantly higher than our industry peers.”
Future Financial Reporting and Growth
In its financial report, Genius Group revealed a 177% increase in its net asset value, reaching $54.6 million for the first half of 2024, which exceeds its current market capitalization of $40.6 million. The company plans to provide more frequent updates on its Bitcoin Treasury performance alongside its financial results in 2025, ensuring that investors are well-informed of their progress and strategic advancements.
