- Genius Group’s Bitcoin holdings now total 85.5 BTC after purchase.
- Legal ruling allows Bitcoin treasury expansion.
- Company aims for a 1,000 BTC target.
Genius Group Limited, headquartered in Singapore, has acquired an additional 24.5 Bitcoin, raising its total holdings to 85.5 BTC. This acquisition follows a favorable ruling by the U.S. Court of Appeals, which enabled the company to continue expanding its Bitcoin treasury.
This acquisition reinforces Genius Group’s strategy to integrate Bitcoin into its operations, signaling confidence in Bitcoin’s long-term role in education and corporate finance.
The firm’s recent purchase builds on its mission of establishing a Bitcoin-centric educational platform and treasury. Previously, legal barriers forced a reduction in their Bitcoin holdings, but recent legal changes have restored acquisition capabilities.
“Following the favorable ruling by the U.S. Court of Appeals, allowing Genius Group to buy Bitcoin, the Company has resumed buying Bitcoin for its Bitcoin Treasury.” – Roger James Hamilton, Founder & CEO, Genius Group Limited
The company’s CEO, Roger James Hamilton, emphasized the importance of rebuilding their Bitcoin reserves. With 85.5 BTC now acquired, Genius Group remains committed to its long-term goal of obtaining 1,000 BTC, a stance further underlined by involving educational voices such as Saifedean Ammous.
Market observers are taking note of Genius Group’s actions, which mirror those of corporations like MicroStrategy, known for large-scale Bitcoin investments. This move potentially suggests a sentiment shift in institutional confidence towards Bitcoin.
Legal advancements have significantly impacted Genius Group’s Bitcoin strategy, as demonstrated by the court’s recent allowance for further accumulation. This decision is likely to influence other institutions facing similar legal challenges regarding digital asset acquisitions.
Such acquisitions are emblematic of a growing institutional interest in Bitcoin, largely driven by perceived stability and value preservation. Experts predict certain regulatory frameworks may shift to accommodate this increasing Bitcoin adoption in institutional treasuries.
