Genius Group recently increased its holdings by 24.5 BTC, resuming the construction of its Bitcoin reserves
ChainCatcher news, according to GlobeNewswire, the artificial intelligence education group Genius Group (NYSE American: GNS) announced that it has resumed its Bitcoin reserve buildup after lifting the injunction from the U.S. Court of Appeals. The company recently increased its holdings by 24.5 BTC, bringing its current total to 85.5 BTC (total cost $8.5 million, average price $99,700 per coin), a 40% increase from before.
The company reiterated its plan to continue increasing its holdings to a target of 1,000 BTC by November 2024. CEO Roger Hamilton stated that rebuilding the Bitcoin reserve is a key part of the company's development strategy for 2025, aimed at promoting AI, Bitcoin, and community education.
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