Within just six weeks of unveiling its Bitcoin-first strategy on November 12, 2024, Genius Group acquired an additional $10 million in Bitcoin, bringing its total holdings to 319.4 BTC at an average purchase price of $93,919 per Bitcoin.
In a strategic leap toward cementing its “Bitcoin-first” philosophy, Genius Group Limited announced a 50% increase in its Bitcoin Treasury holdings, pushing its total to $30 million.
The company is ahead of schedule to meet its initial goal of $120 million in Bitcoin reserves, marking significant progress in its treasury plan.
A standout highlight of the quarter is the 1,649% BTC Yield achieved by Genius Group, a proprietary metric the Company uses to gauge the performance of its Bitcoin Treasury.
Genius Group Grows Bitcoin’s Pile
CEO Roger Hamilton highlighted the strategic importance of the treasury initiative: “We have been buying Bitcoin consistently and are pleased to be ahead of our internal schedule to reach our initial target of 1,000 Bitcoin in our treasury. Now, with a focus on BTC Yield KPI, we are considering various investment and finance options that maximize shareholder value whilst accelerating our progress in building our Bitcoin Treasury.”
As of December 29, 2024, Genius Group’s Bitcoin holdings were valued at $30.4 million, based on the cryptocurrency’s market price of $95,060. However, the market capitalization stood at $40.6 million, creating a BTC-to-market-cap ratio of 75%.
Genius Group funded its purchases through a mix of reserves, an at-the-market offering, and a $10 million Bitcoin-backed loan from Arch Lending.
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