In a significant move towards reinforcing its financial strategy, Genius Group Limited, a pioneering AI-powered education company, has announced an additional purchase of Bitcoin worth $10 million. This acquisition elevates the company’s total Bitcoin holdings to an impressive 319.4 units, collectively valued at approximately $30 million. The average purchase price for these holdings stands at $93,919 per Bitcoin, showcasing a strategic investment in cryptocurrency.
Commitment to a Bitcoin-First Strategy
Since the unveiling of its ambitious “Bitcoin-first” strategy, Genius Group Limited has swiftly acquired $30 million worth of Bitcoin within a mere six-week timeframe. This rapid accumulation underscores the company’s commitment to maintaining 90% or more of its current and future financial reserves in Bitcoin. With an initial target of $120 million, the company has already achieved 25% of this goal, demonstrating progress that is ahead of schedule.
BTC Yield: A New Measure of Success
In an innovative approach to gauge the effectiveness of its Bitcoin Treasury strategy, Genius Group Limited has introduced BTC Yield as a Key Performance Indicator (KPI). This metric serves not only as a tool for internal assessment but also provides shareholders with a transparent view of the company’s performance. By adopting BTC Yield, Genius Group positions itself to compare its financial outcomes with other companies operating under the Bitcoin Standard.
Strategic Insights and Future Outlook
The strategic decision by Genius Group Limited to bolster its Bitcoin Treasury is a clear indication of its forward-thinking mindset and dedication to leveraging Bitcoin’s potential. This move is expected to enhance shareholder value and position the company favorably within the competitive landscape of Bitcoin-centric enterprises. As the company continues to advance towards its $120 million target, it remains committed to exploring new opportunities and maximizing the benefits of its Bitcoin holdings.
