Genius Group Boosts Bitcoin Holdings by 50 Percentage, Reaching $30 Million Milestone

Genius Group, a publicly traded company on the New York Stock Exchange, has made headlines by significantly increasing its Bitcoin holdings. The company announced on December 30 that it had purchased an additional $10 million worth of Bitcoin, bringing its total Bitcoin treasury to 319.4 BTC, valued at approximately $30 million.

Strategic Bitcoin Purchases

The recent purchase, made at an average price of $93,919 per BTC, underscores Genius Group’s aggressive “Bitcoin-first” strategy. This move comes amidst a broader trend of institutional Bitcoin accumulation, with MicroStrategy leading the charge. MicroStrategy’s holdings have reached a staggering 446,400 BTC, solidifying its position as the largest corporate Bitcoin holder.

Genius Group’s Bitcoin journey began on November 12, 2024, when it made its initial investment of $10 million. This marked the start of a series of strategic acquisitions aimed at building a substantial Bitcoin reserve. By December 9, the company had added 194 BTC worth $18 million to its treasury at an average price of $92,728 per BTC. Within just six weeks, Genius Group has managed to grow its Bitcoin holdings to a value of $30 million.

A Bold “Bitcoin-First” Strategy

Genius Group’s approach is part of its broader “Bitcoin-first” strategy, which seeks to allocate at least 90% of its reserves to Bitcoin. The company has set an ambitious target of investing $120 million in the cryptocurrency, with its current holdings representing 25% of that goal.

This strategy aligns with the company’s vision of leveraging Bitcoin as a primary store of value and a hedge against economic uncertainties. By committing a significant portion of its reserves to the world’s leading cryptocurrency, Genius Group aims to position itself as a pioneer among publicly traded companies adopting Bitcoin.

Market Context and Future Goals

As of December 29, 2024, Genius Group’s total Bitcoin acquisitions were made at an average purchase price of $95,060 per BTC. The company’s market capitalization stood at $40.6 million, with its stock closing at $0.64 per share on December 27.

The timing of Genius Group’s purchases reflects growing confidence in Bitcoin’s potential as a long-term investment. The cryptocurrency market has witnessed increased institutional participation, with companies and investors alike viewing Bitcoin as a reliable store of value in an evolving economic landscape.

MicroStrategy and Industry Trends

Genius Group’s aggressive accumulation of Bitcoin mirrors the actions of other prominent players in the space. MicroStrategy, which has consistently added to its Bitcoin reserves, remains a leader in institutional adoption of the digital asset. Its total holdings of 446,400 BTC further validate the growing trend of corporations embracing Bitcoin as a strategic asset.

What’s Next for Genius Group?

With 25% of its $120 million target already achieved, Genius Group is well on its way to becoming one of the most prominent corporate holders of Bitcoin. The company’s bold moves highlight its confidence in Bitcoin’s long-term potential and its commitment to pioneering adoption among publicly traded firms.

As Genius Group continues its Bitcoin acquisition spree, the financial world will undoubtedly watch closely. The company’s progress could set a precedent for others considering similar strategies, further driving institutional interest in Bitcoin and shaping the future of digital asset adoption.