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Genius Group adopts a global "Bitcoin First" strategy, planning to allocate 90% of its reserve assets to Bitcoin

2024-11-12 21:37:17

ChainCatcher news, the AI-driven education group Genius Group announced that its board has adopted a global "Bitcoin-first" strategy, making Bitcoin its primary reserve asset.

The company's board has approved a commitment to allocate 90% or more of its current and future reserve assets to Bitcoin, with a goal of an initial investment of $120 million through ATMs, as a long-term hold for its main treasury reserve asset, while launching a Web3 wealth revival education series and enabling global Bitcoin payments on the company's Edtech platform.

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