Genius Group resumes Bitcoin treasury, buys 10 BTC after court ruling
Genius Group has resumed Bitcoin treasury purchases after the Second Circuit vacated a preliminary injunction on August 31: the company acquired 10 BTC for about $854,000 between October 2 and October 5 at an average price of $85,364 per coin, reinforcing Bitcoin and AI assets as core pillars of its treasury while accepting mark-to-market volatility.
TL;DR
- Genius Group restarted Bitcoin buying: 10 BTC for approximately $854,000.
- Average price paid: $85,364 per BTC across October 2–5.
- Renewed purchases followed the Second Circuit vacating an injunction that had restricted issuing shares, raising funds, and purchasing Bitcoin.
A Court Ruling Cleared The Way For New Purchases
Genius Group had been barred from issuing shares, raising capital, and purchasing Bitcoin under a preliminary injunction. The U.S. Court of Appeals for the Second Circuit vacated that injunction on August 31, enabling the company to resume its treasury plan. The 10 BTC purchase is small relative to the largest corporate Bitcoin holdings, but it signals direction: management is integrating Bitcoin alongside AI assets in a structured capital-allocation strategy.
Treasury Plan And Price Risk
Management’s long-term targets for Bitcoin and AI assets are goals, not current balances. The concrete update: Genius Group restarted buying and added 10 BTC at a disclosed average price. Shareholders face the standard trade-off of corporate Bitcoin reserves: price appreciation strengthens the asset side of the balance sheet; price declines introduce mark-to-market volatility that is separate from the company’s education operations. The purchase confirms the legal interruption did not end the Bitcoin plan, and future filings will indicate how quickly the company intends to scale from this 10 BTC restart toward its larger treasury ambitions.
This article was written by the News Desk and edited by Samuel Rae.
