Genius Group resumes Bitcoin buying after US court ruling
Genius Group, a Singapore-based AI firm, has resumed accumulating Bitcoin after a favorable ruling from the US Court of Appeals lifted a temporary ban. The company increased its Bitcoin treasury by 40%, purchasing 24.5 BTC for approximately $2.7 million, bringing its total holdings to 85.5 BTC valued at $8.5 million. CEO Roger Hamilton emphasized the importance of rebuilding shareholder value and integrating Bitcoin into their educational initiatives on AI and the digital economy. Genius Group is listed on the NYSE with a market cap of $24.34 million, and its stock has dropped over 8% recently. The company’s strategy aligns with other firms like MicroStrategy, which continues to lead in corporate Bitcoin accumulation. Other companies, including a Bahrain-based catering firm and luxury watchmaker Top Win, are also adopting similar Bitcoin treasury strategies.
