Genius Group to Invest $120M as It Plans 90% Bitcoin Reserve

Genius Group, a global AI and EdTech leader, is making headlines with its decision to adopt a “Bitcoin-first” strategy. The adopted strategy will allocate 90% of the company’s reserves to Bitcoin, aiming to cement the cryptocurrency as a long-term asset in its treasury.

Genius Group $120 Million Bitcoin Investment

To kickstart this bold strategy, Genius Group is using $120 million from its $150 million At-The-Market (ATM) facility to purchase around 1,380 BTC.

However, the purchase positions Genius Group alongside other prominent companies like MicroStrategy, which also utilize Bitcoin as a primary reserve. It underscores its potential as a hedge against inflation and a store of value.

Genius Group’s Bitcoin focus goes beyond investment. The company plans to accept Bitcoin as a payment method on its education technology platform, aiming to enhance user experience for crypto-savvy students and professionals. Moreover, the move positions the company at the intersection of digital finance and education, making Genius Group one of the first AI-focused EdTech firms to integrate Bitcoin payments.

In preparation for this transition, Genius Group recently revamped its boards to add experts in blockchain and Web3 technologies, such as Ian Putter and Thomas Power.

 Putter, a seasoned blockchain strategist, points out that holding Bitcoin in Singapore is advantageous due to the country’s 0% capital gains tax on cryptocurrency. With this experienced team, Genius Group is well-positioned to leverage blockchain as it aligns with Web3 initiatives.

 “Web3 Wealth Renaissance” Series Launch

In addition to its strategic changes, Genius Group plans to launch the “Web3 Wealth Renaissance” series. The initiative will provide educational content on Bitcoin, blockchain, and the evolving Web3 landscape. The series aims to enhance blockchain literacy and prepare users for emerging trends in digital finance.

Following the announcement, Genius Group’s stock experienced a 10% increase, closing at $0.70. This rise indicates strong investor confidence in the company’s new Bitcoin-first strategy. However, this is particularly notable as Bitcoin’s market value continues to reach new highs. CEO Roger Hamilton believes that the increased transparency offered by blockchain technology will help Genius Group address concerns about market manipulation. In turn, this could aid in stabilizing its stock price.

Through these bold initiatives, Genius Group is setting a precedent for AI and EdTech companies. By placing Bitcoin at the core of their operations, they are leading the way in the integration of digital finance within education.