Genius Group increased its Bitcoin purchases for its Treasury by $2.2M

TipRanks

2024-12-10

Genius Group (GNS) announced that it had increased its Bitcoin purchases for its Bitcoin Treasury by an additional $2.2 million to 191 Bitcoin for $18 million, at an average price of $92,728 per ...

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The Company’s announced on November 12 of its “Bitcoin-first” strategy that it is committing 90% or more of its current and future reserves to be held in Bitcoin, with an initial target of $120 million in Bitcoin. Following its initial purchase of $10 million in Bitcoin in the week of the announcement, in the four subsequent weeks it has been adding an average of $2 million per week to its Bitcoin reserve.Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks. Genius Group Enhances Bitcoin Education with New Acquisition. Genius Group’s Strategic Sponsorship in Bitcoin Events. Genius Group announces Moon Tier sponsorship of Bitcoin 2025","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4601":"加密货币现货ETF","IBIT":"iShares Bitcoin Trust","BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念","GNS":"Genius Group Limited","BK4588":"碎股","BK4204":"教育服务"},"translate_title":"Genius Group为其财政部购买的比特币增加了220万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GNS":0.9,"IBIT":1,"US10Y.BOND":1,"US12M.BOND":1,"US2Y.BOND":1,"US30Y.BOND":1,"US3Y.BOND":1,"US5Y.BOND":1,"US6M.BOND":1,"US7Y.BOND":1},"content_text":"Genius Group (GNS) announced that it had increased its Bitcoin purchases for its Bitcoin Treasury by an additional $2.2 million to 191 Bitcoin for $18 million, at an average price of $92,728 per Bitcoin. The Company’s announced on November 12 of its “Bitcoin-first” strategy that it is committing 90% or more of its current and future reserves to be held in Bitcoin, with an initial target of $120 million in Bitcoin. Following its initial purchase of $10 million in Bitcoin in the week of the announcement, in the four subsequent weeks it has been adding an average of $2 million per week to its Bitcoin reserve.\n\nPick the best stocks and maximize your portfolio:\n\nDiscover top-rated stocks from highly ranked analysts with Analyst Top Stocks!\nEasily identify outperforming stocks and invest smarter with Top Smart Score Stocks\n\n\n\nPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>\n\n\nSee today’s best-performing stocks on TipRanks >>\n\n\nRead More on GNS:\n\nGenius Group Enhances Bitcoin Education with New Acquisition\nGenius Group acquires XD Academy, terms not disclosed\nGenius Group’s Strategic Sponsorship in Bitcoin Events\nGenius Group announces Moon Tier sponsorship of Bitcoin 2025\nGenius Group Announces Key Leadership Changes","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}