⇑ Genius Group's GNS Coin Embraces Bitcoin as Primary Treasury Asset; Expectations Soar
Genius Group , also known as GNS, has openly embraced the burgeoning cryptocurrency scene by accumulating substantial Bitcoin holdings as part of...
Genius Group Limited (GNS) has enacted a bold Bitcoin strategy, expanding its Bitcoin holdings to 420 BTC through a $40m investment. This aims to boost the firm's finances and expand its bitcoin reserves, following the likes of MicroStrategy and other high-profile corporations. Aided by the increase in corporate Bitcoin investments and Bitcoin Treasury adoptions, GNS saw an explosion of stock by 66% in a day, combined with a surge of over 20% in pre-market after embracing Bitcoin. The anticipation of a potential spinoff also contributed to this increase.
Furthermore, Genius Group announced an investor call in January to elaborate on their bold Bitcoin strategy, synchronously confirming the company's commitment to becoming a Bitcoin-first treasury. The group also made strides on an education initiative, offering insights into their financial maneuvers. GNS Coin, linked to Genius Group, has now been listed on INDODAX, exciting further investor interest. Bluefaced Leicester shearling's record-breaking $485,000 sale also had indirect consequences on the firm's stock. Unfortunately, this didn't prevent a temporary stock decline of 40%. In the long run, launches such as Genius Group's Bitcoin Treasury with a 110 BTC purchase are likely to provide stability.
GNS Coin News Analytics from Fri, 28 Aug 2020 07:00:00 GMT to Tue, 21 Jan 2025 08:00:00 GMT - Rating 8 - Innovation 7 - Information 7 - Rumor -8