Genius Group To Adopt Bitcoin Treasury Reserve, Buy $120M BTC
Publicly traded Genius Group (GNS) plans to purchase $120 million worth of Bitcoin, making it their primary treasury reserve asset. The company is a leading AI-powered education and acceleration group. This will be the first step in a global “Bitcoin-first” strategy for the company. https://twitter.com/watcherguru/status/1856381178908909579?s=46 The Genius Group board recently underwent a total reconstruction to include Blockchain and Web3 technologies experts. The new board approved the Bitcoin Treasury Reserve, and today announced the following initiatives: To commit 90% or more of their current and future reserves to Bitcoin Commencing utilizing a $150 million ATM to acquire an initial target of $120 million in Bitcoin. The BTC will be held for the long term as Genius’ primary treasury reserve asset. Launching a Web3 Wealth Renaissance education series for students to accelerate their understanding of Bitcoin, cryptocurrency, and blockchain with Genius Group’s AI-powered guides...