Genius Group Increases Bitcoin Holdings by $5 Million

Genius Group Limited has expanded its Bitcoin holdings to 372 units valued at $35 million. This increase is part of a strategy to invest over 90% of its reserves in Bitcoin, aiming for a total of $120 million. The company has already reached 30% of this target.

Key Developments

Recent purchase of $5 million in Bitcoin at an average price of $94,047 per unit.
Achieved a BTC Yield of 1,649% from November to December 2024.
Market value currently at $42 million with 66 million shares outstanding priced at $0.64 each.
BTC/Price ratio stands at 83%, indicating Bitcoin's significance to the company's value.
Increased Bitcoin-backed loan with Arch Lending from $10 million to $14 million, resulting in a 40% loan-to-value ratio.

CEO Roger Hamilton aims for a market value of $1 billion within 10 years, aligning company growth with Bitcoin's performance. Genius Group's approach reflects a broader trend among companies like Tesla Inc and Block Inc incorporating Bitcoin into their financial strategies.