Genius Group Limited, a Singapore-based AI-driven education company, has made another significant investment in Bitcoin. The company recently announced the acquisition of $5 million worth of Bitcoin, boosting its total cryptocurrency holdings to 372 BTC. This move marks a notable milestone as Genius Group continues its mission to build a $120 million Bitcoin treasury.
A Look At Genius Group’s Bitcoin Acquisition
According to a company statement, the firm’s Bitcoin holdings are now valued at $35 million, reflecting Bitcoin’s current market price of approximately $94,000. Genius Group’s market capitalization stands at $42 million, giving the company a BTC-to-price ratio of 83%.
The recent acquisition follows Genius Group’s strategic pivot to a “Bitcoin-first” financial approach, which was unveiled in November. This strategy involves the allocation of over 90% of the company’s reserves to Bitcoin, positioning it as a core element of its financial framework.
To fund its expanding Bitcoin reserves, Genius Group increased its crypto-backed loan with Arch Lending from $10 million to $14 million. The loan is maintained at a 40% loan-to-value ratio, ensuring that the company does not need to liquidate its Bitcoin holdings to secure additional capital.
Roger Hamilton, Genius Group’s CEO, highlighted the company’s alignment with other publicly traded firms that have embraced Bitcoin as a reserve asset. He described the flagship crypto as a vital store of value within the evolving digital economy, according to a press release statement.
In addition to its financial initiatives, the company is integrating blockchain technology into its AI-powered education platforms. This includes plans for on-chain certifications and reward systems powered by Bitcoin’s Lightning Network.
The AI firm’s innovative approach leverages both Bitcoin and AI to reshape the educational landscape. By aligning its financial strategy with blockchain adoption, the company aims to reinforce its position at the intersection of education and emerging technologies.
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