Genius Group increases Bitcoin holdings to $35 million, aims for $120 million

From NASDAQ.: 2025-01-10 17:06:16

Genius Group Limited has expanded its Bitcoin Treasury with a $5 million purchase, bringing its total holdings to 372 units valued at $35 million. The company aims to allocate 90% of its reserves to Bitcoin investments, with an initial target of $120 million.

Despite a market capitalization of $40.32 million, Genius Group has already achieved 30% of its investment target early. The company’s revenue over the past year was $16.15 million, with a strong current ratio of 2.52.

Genius Group raised its loan with Arch Lending to $14 million and approved a Founder Compensation Plan tied to milestones, including growing the Bitcoin Treasury’s net asset value to $1 billion within the next decade.

On Friday, GNS closed at $0.6551 on the NYSE, up 2.3594%, but dropped to $0.6502 after hours, down 0.7480%.



Read more at NASDAQ.: Genius Group Adds $5 Mln To Bitcoin Treasury, Reaching 372 Units Valued At $35 Mln