Genius Group, as indicated by several current affairs, extensively develops its
Bitcoin holdings. The group's ambitious strategy includes a $40M investment resulting in 420 BTC in their treasury. A rights issue and the detailed outlook on the company's Bitcoin treasury strategy are topics for a future call with investors. This strategy was put into action following a crash in the Genius Group stocks, suggesting a proactive response to financial setbacks.
Pre-market stock showed a 20% increase following a previous 66% gain from employing Bitcoin as a treasury asset. The group's Bitcoin treasury expanded to $30 million, following an 11% increase in the AI-driven Genius Group's stock. There is anticipation to discern more about the company's Bitcoin treasury strategy and rights issue in the proposed investor call in January.
Following suit with
MicroStrategy, Genius group plans a significant $120M investment in Bitcoin. Genius Group views Bitcoin as the primary treasury asset, inducing a 50% surge in their shares. In just one day, the stock exploded by 66%. The company's Bitcoin holdings are presently $30 million, with plans to increase this to $120M. The Genius Group initially launched its treasury with a purchase of 110BTC.
Gains Network (GNS) and GNS Coin are relevant keywords here with an indication of increased interest following a Binance listing. Following NYSE listing, Genius Group reported a staggering 1,649% BTC yield after expanding its treasury. Simultaneously, Genius group sets sights on educational initiatives while increasing Bitcoin reserves.
GNS Coin News Analytics from Fri, 28 Aug 2020 07:00:00 GMT to Thu, 13 Feb 2025 08:00:00 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor -3
