The Genius Group Limited (GNS) has unveiled their bold strategy involving Bitcoin (BTC). This radical move comes after a decline in their company stocks. The company's strategy involves the expansion of its Bitcoin treasury, moving from $14M to target a staggering $120M in crypto holdings.
To stabilize their financial standpoint, GNS's Bitcoin strategy acts as its main treasury asset. Such a radical move caused their stocks to surge by over 20% after an impressive 66% gain from a previous session. Consequently, the company experienced a 66% surge after implementing a 'Bitcoin-first' treasury strategy, similar to MicroStrategy's approach.
Alongside these significant growths, the announcement was made revealing GNS's plans for an investor call to discuss its rights issue and Bitcoin treasury strategy. Concurrently, they managed to boost their Bitcoin treasury to $35M, paving the way to meet their strategic goals. As Genius Group continues to prioritize Bitcoin, the value of GNS Coin increases.
Future forecasts for GNS Coin predict it to hit $10 by the year 2023. Corporate BTC investments have surged noticeably in recent times, influencing stock gains for companies like GNS. Meanwhile, tokenomics innovation is expected to help set standards for the rising DeFi sector. GNS Coin is set to join Binance listings in 2023, thereby garnering the attention of investors.
GNS Coin News Analytics from Thu, 28 Jan 2016 08:00:00 GMT to Wed, 15 Jan 2025 15:30:17 GMT - Rating 7 - Innovation 3 - Information 4 - Rumor -5