Genius Group’s strategic move involved a recent purchase of Bitcoin valued at 5 million USD, enhancing its Bitcoin reserves to 372 BTC. The educational tech company aims to accumulate a total of 120 million USD in Bitcoin holdings, strengthening its ‘Bitcoin first’ approach. The current holdings value stands at 35 million USD, highlighting significant progress.
In November, Genius Group set a target to maintain 90% of its reserves in Bitcoin, aiming for 120 million USD. With a market cap of 42 million USD, the company demonstrates a strong Bitcoin-to-price ratio of 83%. These actions reflect underlying investor confidence and the strategic direction aligning with other MAJOR firms like Microstrategy.
In addition to buying Bitcoin, Genius Group increased its Bitcoin loans to 14 million USD, reflecting a 40% loan-to-value ratio. This enables the company to leverage its cryptocurrency assets, similar to other businesses in the space, bolstering its financial strategy and reinforcing its position in the tech-driven financial market.
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