Genius Group increases its Bitcoin holdings by $4 million

2024-11-21 21:28:53

Collection

ChainCatcher news, according to GlobeNewswire, the artificial intelligence company Genius Group (NYSE American: GNS) announced that it has increased its Bitcoin purchases in its Bitcoin treasury by an additional $4 million, bringing the total to 153 coins, with a total value of $14 million, at an average price of $91,372 per Bitcoin.

This additional purchase of $4 million worth of Bitcoin was made following the company's announcement on November 12 of its "Bitcoin First" strategy, which commits to holding 90% or more of its current and future reserves in Bitcoin, with an initial target of $120 million in Bitcoin. This purchase marks the company's second Bitcoin acquisition within two weeks since establishing its Bitcoin treasury, with the first purchase announced on November 18 for $10 million worth of Bitcoin.

(Source Link)

Related tags

Genius Group Bitcoin Strategy

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.