The post Genius Group Adds $10M in Bitcoin As Part of Treasury Strategy appeared on BitcoinEthereumNews.com.

Genius Group Limited (NYSE American: GNS) has increased its Bitcoin Treasury by $10 million, bringing its total Bitcoin holdings to 319.4 BTC, valued at $30 million. The company made the announcement on December 30, 2024, as part of its “Bitcoin-first” strategy, which commits over 90% of its reserves to Bitcoin. Genius Group Adds $10M in Bitcoin Genius Group, which launched its new strategy on November 12, has already achieved 25% of its $120 million Bitcoin investment target within six weeks. The most recent $10 million investment brings the company’s total balance to 319.4 BTC bought at an average cost of $93,919 per coin despite the recent Bitcoin price dip. Genius Group’s CEO, Roger Hamilton, noted that the company is happy with the performance of the expansion of its Bitcoin Treasury and it is exceeding the targets set for it. “We are exploring several ways to enhance shareholder value and at the same time strengthen our Bitcoin Treasury,” Hamilton said. To finance BTC purchases, the company utilized its cash balance, ATM sales, and a $10 million loan from Arch Lending, a crypto-backed lending firm. BTC Yield and Treasury Performance Metrics At the same time, Genius Group has adopted BTC Yield as a performance metric that reflects the increase in its Bitcoin holdings compared to the firm’s shares. In the company’s Q4 2024 financial report, the company recorded a BTC Yield of 1,649% which is an indication of a rise in the number of BTC per share. However, the company stated that BTC Yield is not a GAAP measure but rather a tool to help investors understand its approach to Bitcoin investing. According to the company’s report, as of December 29, it held bitcoins worth $30.4 million with the price of BTC at $95,060. Genius Group has a market capitalization of $40.6…

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Filed under: News - @ December 30, 2024 11:21 pm