Breaking News

web3bzz

Allow notificationsđź”” to receive the latest news and updates.

Genius Group Buys $120M Bitcoin, Adopts BTC Treasury Reserve

Genius Group invests $120M in Bitcoin to drive growth with a Bitcoin-first treasury strategy.

3 minNovember 12, 2024

Highlights:

•

Genius Group invests $120M in Bitcoin, adopting a Bitcoin-first treasury reserve strategy.

•

The company has launched a Web3 education series to teach students about Bitcoin and blockchain.

•

CEO Roger Hamilton envisions bridging traditional markets with decentralized economies for future growth.

Genius Group Buys $120M Bitcoin, Adopts BTC Treasury Reserve

Genius Group, a leader in AI-powered education, is making a bold move into cryptocurrency. The company plans to purchase $120 million in Bitcoin, kicking off a global "Bitcoin-first" strategy. This move positions Bitcoin as the primary treasury reserve asset, signaling a major shift for the company.

 

A Bold Step Toward Bitcoin

 

 

Genius Group is committing 90% or more of current and future reserves to Bitcoin. The company will use a $150 million ATM to buy $120 million worth of Bitcoin. The digital currency will be held long-term, emphasizing its role as the company's main treasury reserve asset.

 

By following the example set by MicroStrategy and Michael Saylor, Genius Group sees Bitcoin as a powerful store of value. The decision aligns with their vision to fuel exponential technologies and drive growth. 

 

This strategy is designed to benefit shareholders while securing the company’s future. Along with the Bitcoin investment, Genius Group is launching the Web3 Wealth Renaissance education series. 

 

A Vision for the Future

 

The Web3 Wealth Renaissance education program will teach students about Bitcoin, cryptocurrency, and blockchain using AI-powered guides. This initiative seeks to empower the next generation to thrive in the decentralized finance world.

 

Meanwhile, CEO Roger Hamilton shared his vision of connecting traditional markets with decentralized economies. With a focus on AI and blockchain, Genius Group plans to prepare students for a future where learning and earning will look drastically different.

 

This strategic shift towards Bitcoin highlights Genius Group’s commitment to innovation in education and technology. As Bitcoin hits an all-time high of $90.2K, this move positions the company for potential growth in both the education and cryptocurrency sectors.

 

Subscribe To

Web3Buzz

Connecting you to the world of Web3

Related News

People also like to read

Latest News