Genius Group Expands Bitcoin Treasury with $10 Million Purchase; Achieves 1,649% BTC Yield
The post Genius Group Expands Bitcoin Treasury with $10 Million Purchase; Achieves 1,649% BTC Yield appeared on BitcoinEthereumNews.com.
In a latest development, Genius Group Limited a leading AI-powered, Bitcoin-first education group, today announced an additional $10 million purchase for its Bitcoin Treasury, bringing its total holdings to 319.4 Bitcoin, valued at $30 million, with an average purchase price of $93,919 per Bitcoin. Notably, Genius Group Limited has purchased $30 million worth of Bitcoin within six weeks of announcing its “Bitcoin-first” strategy, committing to hold 90% or more of its current and future reserves in Bitcoin, with an initial target of $120 million. The company has already reached 25% of this target ahead of schedule. Genius Group Achieves 1,649% BTC Yield Genius Group has adopted BTC Yield as a Key Performance Indicator (KPI) to evaluate the effectiveness of its Bitcoin Treasury strategy. This approach aims to benefit shareholders and allows the company to compare its performance with other Bitcoin Standard companies. Remarkably, Genius Group achieved a BTC Yield of 1,649% in Q4 2024, from the first day it purchased Bitcoin in November 2024 to the date of this release on December 30, 2024. The CEO of Genius Group CEO, Roger Hamilton noted- “It has been less than two months since we launched our Bitcoin Treasury Strategy. We have been buying Bitcoin consistently and are pleased to be ahead of our internal schedule to reach our initial target of 1,000 Bitcoin in our treasury.” “Now, with a focus on BTC Yield KPI, we are considering various investment and finance options that maximize shareholder value whilst accelerating our progress in building our Bitcoin Treasury,” he added. Notably, the Company has maximized its BTC Yield in Q4 2024 by funding its purchase of Bitcoin to date through a combination of its reserves, its ATM and a $10 million Bitcoin loan it has entered into with crypto-backed loan platform, Arch Lending. Genius Group…
Filed under: News - @ December 30, 2024 9:21 pm