Genius Group has announced a major growth in its Bitcoin reserves to an amazing $18 million. As part of its ‘bitcoin first’ strategy, the company bought 194 crypto coins at an average price of about $92,728. This joining of the dots seems to work with the rest of its financial vision, whereby they plan to hit at least $120 million in holdings, a commitment of at least 90% of their reserves to Bitcoin.
It follows a string of investments for the company, which began in November when the firm spent $10 million buying Bitcoin. Since then, Genius Group has been on a wholesale program of acquiring digital assets, routinely investing an average of $2m a week.
Genius Group to Showcase AI Education Network
The strategic nature of the company’s Bitcoin acquisitions, as pointed out by CEO of Genius Group, Roger Hamilton. “We don’t just think Bitcoin is a financial asset; we think Bitcoin is a store of value for a digital economy.” Her comparison to other publicly traded companies that have dipped their toes in Bitcoin, such as MicroStrategy, who also hold it in the company treasury to protect against macroeconomic instability.
Genius Group is a speedy and consistent strategy investment rather than reacting to short-term market fluctuations. This shows the company’s commitment to being a mover in when it comes to melding cryptocurrency with education by locking up a large share of its reserves in Bitcoin.
According to its broader vision, Genius Group has decided to integrate blockchain technology into its AI-powered educational platforms. Innovations such as on-chain certifications and rewards systems that integrate onto Bitcoin’s Lightning Network are under exploration to build out an integrated ecosystem that works towards the company’s educational mission.
During an investor meeting at Bitcoin MENA on December 10 in Abu Dhabi, Genius Group will offer more details of its strategy. At the event, Hamilton will showcase the company’s AI-powered decentralized education network, “Built on Bitcoin,” an initiative for building blockchain-powered learning solutions.
It’s a Bitcoin-first strategy that is a big milestone for Genius Group, with the company now also a leader when it comes to cryptocurrency and education.
