⇑ GNS Coin and the Expanding Bitcoin Treasury's Potential Impact on Cryptocurrency Market
Genius Group , known by its ticker GNS , has significantly expanded its Bitcoin holdings and adopted this cryptocurrency as its primary...
The digital asset sector has recently been experiencing a lot of movements. The Genius Group Limited (GNS), for instance, has been making significant strides in it's Bitcoin strategy especially after its stock took a hit. The company's CEO is set to discuss the rights issue and the Bitcoin treasury strategy in an upcoming investor call as they plan on expanding their Bitcoin treasury.
Following the embracement of Bitcoin as a primary treasury asset, GNS's shares spiked significantly by 50%. In the pre-market trading, the stock witnessed an increase over 20% after earlier enjoying an increase of 66%. The companies latest strategy includes the purchase of $120m in Bitcoin making Bitcoin their main treasury asset leading to the company seeing significant growth in its share prices.
The company has been consistently increasing its Bitcoin holdings, with a targeted $120m in crypto holdings and has even expanded its Bitcoin Treasury with a $4m purchase. With this new development, GNS, the artificial intelligence-based company, saw a massive rush of 66% in their stock value in just a single day.
GNS also saw a surge after being listed on Binance, and reviews regarding the Gains Network (GNS) Coin indicates a significant buzz within the crypto market. Despite some altcoins experiencing a hard fall after being delisted from a crypto exchange, GNS Coin has shown resilience.
GNS Coin News Analytics from Tue, 02 Nov 2021 00:46:47 GMT to Wed, 22 Jan 2025 08:00:00 GMT - Rating 7 - Innovation 8 - Information 6 - Rumor 3