Genius Group Restarts Bitcoin Buying With 10 BTC Purchase
Summary
Genius Group bought 10 Bitcoin for about $854,000 at an average price of $85,364 per coin, resuming its corporate treasury purchases. The company had been barred from buying Bitcoin and raising or issuing capital under a preliminary injunction, which the Second Circuit vacated on August 31. The purchase signals a return to its Bitcoin and AI-focused treasury strategy, though it is small compared with its long-term ambitions. The holdings expose shareholders to Bitcoin price volatility; future filings will clarify whether the company scales up its purchases.
