Genius Group: Additional purchase of $10 million in BTC
ChainCatcher news, according to GlobeNewswire, the artificial intelligence company Genius Group (NYSE American: GNS) announced that it has increased its Bitcoin purchases for its Bitcoin treasury by an additional $10 million, bringing the total to 319.4 Bitcoins, valued at $30 million, with an average price of $93,919 per Bitcoin.
The company announced its "Bitcoin First" strategy on November 12, committing to hold 90% or more of its existing and future reserves in Bitcoin, with an initial target of $120 million. In the following six weeks, the company purchased $30 million worth of Bitcoin.
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