AI public company Genius Group increases its Bitcoin holdings by $2 million, bringing its total reserves to 440 coins
ChainCatcher news, according to Clobenewswire, the artificial intelligence company Genius Group (NYSE American: GNS) announced that it has increased its Bitcoin purchase amount for its Bitcoin treasury by an additional $2 million, bringing the total to 440 BTC, with a total value of $42 million, at an average price of $95,519 per Bitcoin.
As of the market close on January 31, 2025, the company's holding of 440 Bitcoin assets is valued at a total market value of $46 million, based on the Bitcoin price of $104,893 on that day. Based on the 68 million shares outstanding and a closing price of $0.48 per share on that day, the company's total market capitalization is $33.1 million. This results in a ratio of the company's Bitcoin holding market value to the company's market value reaching 139%, meaning that for every $100 of company equity, the corresponding Bitcoin asset value is $139. It is important to note that this ratio will fluctuate in real-time with changes in Bitcoin prices and the company's stock price.