Genius Group Expands Bitcoin Treasury with $10 Million Purchase; Achieves 1,649% BTC Yield
In the latest development, Genius Group Limited, a leading AI-driven, Bitcoin-first education group, today Announce Its Bitcoin vault purchased an additional $10 million, bringing its total holdings to 319.4 Bitcoins worth $30 million, with an average purchase price of $93,919 per Bitcoin.
Notably, Genius Group Limited purchased $30 million worth of Bitcoin within six weeks of announcing its “Bitcoin First” strategy, committing to hold 90% or more of its current and future reserves in Bitcoin, with an initial target of $120 million. The company has already reached 25% of this goal ahead of schedule.
Genius Group’s BTC yield reaches 1,649%
Genius Group uses BTC yield as a key performance indicator (KPI) to evaluate the effectiveness of its Bitcoin Treasury strategy. This approach is designed to benefit shareholders and allow the company to compare its performance to other Bitcoin-standard companies.
Notably, Genius Group achieved a 1,649% BTC return in the fourth quarter of 2024 from the first day of Bitcoin purchase in November 2024 to the date of this press release on December 30, 2024. Genius Group CEO Roger Hamilton noted:
“It has been less than two months since we launched our Bitcoin Treasury strategy. We have continued to purchase Bitcoin and are pleased to be ahead of schedule on our internal plan to reach our initial goal of 1,000 Bitcoin in our vault.” He Adding: “Now, we are considering various investment and financing options, focusing on Bitcoin yield KPI, to maximize shareholder value while accelerating our progress in building Bitcoin vault.”
Notably, the company achieved BTC in Q4 2024 by funding its Bitcoin purchases to date through its reserves, ATM machines, and a $10 million Bitcoin loan with cryptocurrency lending platform Arch Lending. Maximize profitability.
Genius Group Chief Financial Officer Gaurav Dama said: “While we are pleased to achieve high Bitcoin yields, we believe our Bitcoin performance is not yet reflected in our share price. Genius Group’s BTC/price ratio is as high as 75%, which we believe The ratio is significantly higher than industry peers, and it shows.”
Genius Group reported a 177% increase in its net asset value, reaching $54.6 million in the first half of 2024, up from its current market capitalization of $40.6 million. The company plans to report its Bitcoin Treasury results as well as financial results more frequently in 2025 to keep investors informed.
