Genius Group Expands Bitcoin Treasury to $35 Million

Genius Group Limited has successfully increased its Bitcoin Treasury to $35 million, acquiring an additional $5 million worth of Bitcoin, which now totals 372 BTC at an average price of $94,047 each. This achievement is part of the company's ambitious 'Bitcoin-first' strategy announced in November, aiming to reach a total of $120 million in Bitcoin holdings. The firm has surpassed its initial milestone ahead of schedule, currently achieving 30% of its target. Genius Group is leveraging crypto-backed loans, increasing its loan with Arch Lending to $14 million while maintaining a loan-to-value ratio of 40%. With a market capitalization of approximately $42 million, the company’s BTC-to-price ratio stands at 83%, showcasing its commitment to integrating Bitcoin into its financial strategy and AI-powered educational services. CEO Roger Hamilton emphasizes the potential of Bitcoin as a 'store of value' in the digital economy, aligning with broader plans to incorporate blockchain technology into its educational platforms.