In an exciting turn of events, Genius Group Limited, a forward-thinking education company with a strong emphasis on artificial intelligence and Bitcoin, has significantly bolstered its Bitcoin Treasury. With a recent purchase of an additional $5 million worth of Bitcoin, the company’s total Bitcoin holdings now stand at an impressive 372 units. This acquisition represents a substantial valuation of $35 million, with an average purchase price of $94,047 per Bitcoin.
This strategic move is a key component of Genius Group’s innovative Bitcoin-first strategy, which was unveiled on November 12. The strategy aims to allocate 90% or more of the company’s reserves into Bitcoin, targeting an ambitious initial investment goal of $120 million in the cryptocurrency. This approach underscores the company’s commitment to leveraging digital assets as a vital part of its overarching financial strategy.
Genius Group Outpaces Its Schedule
Genius Group’s progress in enhancing its Bitcoin Treasury has notably exceeded its original timeline, reaching 30% of its initial investment target ahead of schedule. As of the latest update, the market value of its Bitcoin holdings is in alignment with its purchase price, reflecting a market capitalization of $40.32 million and a BTC/Price ratio of 83%. This achievement underlines the company’s unwavering dedication to its Bitcoin-first initiative.
In a bid to further strengthen its financial position, Genius Group has augmented its Bitcoin loan with the crypto-backed loan platform Arch Lending. The loan amount has been increased from $10 million to $14 million, resulting in a current loan-to-value ratio of 40%. This strategic financial maneuver is part of the company’s broader efforts to optimize its capital structure and maximize its return on investment in the cryptocurrency space.
Additionally, Genius Group’s board has approved a comprehensive Founder Compensation Plan for its CEO, Roger Hamilton. This plan includes ambitious targets designed to propel the company towards achieving a market capitalization of $1 billion within a decade. The plan encompasses specific milestones aimed at elevating the Bitcoin Treasury’s value to a net asset value of $1 billion, signifying a transformative phase in the company’s growth trajectory.
Bitcoin: A Cornerstone in Genius Group’s Vision
Genius Group perceives Bitcoin as an indispensable element of its financial strategy, seamlessly integrating it alongside artificial intelligence in the educational domain. CEO Roger Hamilton has emphasized Bitcoin’s potential as a “store of value” in the rapidly evolving digital economy, drawing parallels to other publicly traded companies that have adopted it as a key reserve asset. This strategic alignment with Bitcoin not only positions Genius Group at the forefront of innovation but also underscores its commitment to harnessing cutting-edge technologies for sustainable growth.
The company’s proactive approach to incorporating Bitcoin into its financial framework reflects a broader industry trend of embracing digital assets as a hedge against traditional market volatility and economic uncertainties. Genius Group’s strategic initiatives serve as a testament to the growing importance of cryptocurrencies in shaping the future of business operations and investment strategies.
