Genius Group resumes Bitcoin buying after US court ruling

Genius Group, a Singapore-based AI firm, has resumed its Bitcoin accumulation strategy following a favorable US court ruling. Previously barred from expanding its Bitcoin treasury due to a court order prohibiting share sales and fundraising, the company has now purchased an additional 24.5 BTC, representing a 40% increase in its holdings. This acquisition brings Genius Group’s total Bitcoin treasury to 85.5 BTC, acquired at an average price of $99,700 per coin, for a total investment of $8.5 million.

CEO Roger Hamilton expressed satisfaction with resuming the Bitcoin accumulation, viewing it as a crucial step in rebuilding shareholder value and delivering on the company’s 2025 plan. He emphasized Genius Group’s commitment to educating students about AI, Bitcoin, and community building, aligning the Bitcoin treasury strategy with its broader vision of preparing for the digital economy and workforce.

Genius Group, listed on the NYSE, currently boasts a market cap of $24.34 million. However, its stock price has significantly underperformed year-to-date, trading at $0.34, down over 8% in the last trading day and considerably below its year-start value.

This Bitcoin accumulation strategy mirrors that of MicroStrategy, the leading corporate Bitcoin holder, which recently added nearly $765 million worth of Bitcoin to its treasury. Genius Group is not alone in adopting this approach. Other companies, including a Bahraini catering company and the recently renamed AsiaStrategy (formerly Top Win, a luxury watchmaker), have also embraced Bitcoin treasury strategies, demonstrating a growing trend among publicly listed firms. The adoption of Bitcoin as a corporate treasury asset continues to gain traction, despite market volatility and regulatory uncertainties. The recent actions of Genius Group highlight the ongoing interest in Bitcoin as a long-term investment and strategic asset for various companies.