Genius Group boosts Bitcoin holdings to 319.4 BTC with $10M purchase
Genius Group Limited
In a bold move reflecting the growing trend of corporate Bitcoin adoption, Genius Group Limited has added $10 million to its Bitcoin holdings, bringing its total to 319.4 BTC, currently valued at $30 million.
This marks a significant milestone in the company’s ambitious “Bitcoin-first” strategy, launched on November 12, 2024, which commits over 90% of its reserves to the cryptocurrency, according to Coingape.
The recent acquisition pushes Genius Group to 25% of its $120 million Bitcoin investment target in just six weeks. The purchases were funded through a combination of cash reserves, ATM sales, and a $10 million crypto-backed loan from Arch Lending.
CEO Roger Hamilton expressed confidence in the company’s progress, stating, “We are pleased with the performance of our Bitcoin Treasury and are exceeding our initial targets.”
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BTC Yield and Market Metrics
The company introduced BTC Yield as a performance metric to gauge the increase in its Bitcoin holdings relative to its shares. In its Q4 2024 financial report, Genius Group reported a BTC Yield of 1,649%, underscoring the firm’s focus on creating long-term value through its cryptocurrency strategy.
However, CFO Gaurav Dama noted that the market has yet to fully reflect the company’s Bitcoin-backed strength, with Genius Group’s market capitalization at $40.6 million compared to its Bitcoin holdings valued at $30.4 million.
Genius Group is also expanding its educational initiatives, launching the Genius BTC Academy and Blockchain Academy in January 2025 to bolster Bitcoin literacy.
As major players like MicroStrategy and Tether continue to accumulate Bitcoin, Genius Group’s strategic pivot underscores the increasing prominence of the cryptocurrency in corporate treasuries despite ongoing market volatility.
MicroStrategy recently has acquired 2,138 BTC for $209 million, marking its eighth consecutive week of Bitcoin purchases. The company now holds 446,400 BTC, cementing its status as the largest Bitcoin holder among public firms.
