Genius Group, known by its ticker
GNS, has significantly expanded its
Bitcoin holdings and adopted this cryptocurrency as its primary treasury asset, with an aggressive investment strategy in the market. The group's bold move comes despite a falling stock value. The AI company, which has followed suit from the likes of MicroStrategy, has soared its stock by 66% after this strategy was announced.
Genius Group recently increased its treasury's Bitcoin purchases by $2.2M and plans to target $120M in crypto holdings. This robust Bitcoin treasury strategy has been well received by investors and the market, leading to significant surges in pre-market and regular session values, soaring by 20% and 11% respectively. A noteworthy investor call detailed the firm's Bitcoin Treasury Strategy, including the CEO discussing the forthcoming rights issue.
The sustainability of this strategy has newer players like
Gains Network betting big on Bitcoin too. Despite GNS's massive play in Bitcoin, there's also buzz around
Gains Network with its GTrade platform. They promise high leverage, deep liquidity and innovative tokenomics. However, the sustainability and security of such a strategy are under scrutiny.
Further developments show Genius Group planning to increase its bitcoin treasury via a $33M rights offering. Other key announcements include adopting Bitcoin and launching its bitcoin treasury after purchasing 110 BTC.
GNS Coin News Analytics from Tue, 30 Oct 2018 07:00:00 GMT to Thu, 23 Jan 2025 08:00:00 GMT -
Rating 8
- Innovation 7
- Information 8
- Rumor -3
