Genius Group, also known as GNS, has openly embraced the burgeoning cryptocurrency scene by accumulating substantial Bitcoin holdings as part of an aggressive $40M investment strategy. The group has caught the attention of investors, having expanded its treasury to 420 BTC and aiming to reach a milestone of $120M in crypto holdings. GNS' Bitcoin-focused approach has not only acted as a catalyst for the firm's stock, with a significant rise witnessed in pre-market trends after adopting Bitcoin as its treasury asset but also resulted in a surge of over 66% in a single day. Their move towards a Bitcoin-Treasury model echoes MicroStrategy's strategy. The group has announced multiple initiatives to educate about Bitcoin and cryptocurrency. Despite the recent controversy regarding the delisting of GNS alongside other tokens, the overall outlook of GNS remains positive.
The AI firm has plans to discuss its rights issue and Bitcoin treasury strategy on an investor call in January. Other firms listed in the U.S. continue to follow suit by rapidly adopting Bitcoin as a treasury asset.
Gains Network (GNS), a product of the group, was recently listed on INDODAX, eliciting a flurry of positive sentiment and a price surge in the cryptocurrency market. Moreover, forecasts suggest that GNS’ value will hit $10 by 2023.
While on the one hand, news that
Genius Group has decided to invest heavily in Bitcoin triggered a surge in its stock, PM Narendra Modi's address on the 150th anniversary of Srila Prabhupada Ji added a cultural blend to a series of financially focused updates.
GNS Coin News Analytics from Fri, 28 Aug 2020 07:00:00 GMT to Tue, 21 Jan 2025 13:00:00 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 6
