Singapore-based education technology firm Genius Group has announced the acquisition of an additional 20 Bitcoin (BTC), bringing its total holdings to 200 BTC. This purchase was executed at an average price of $106,812 per Bitcoin.
The company has outlined an ambitious long-term strategy targeting the accumulation of 10,000 BTC within the next two years. This aggressive accumulation plan coincides with the company leveraging the recently passed GENIUS Act to further its blockchain integration goals.
Central to this effort is the integration of blockchain technology into Genius Group’s education platforms. The GENIUS Act facilitates initiatives involving tokenized educational rewards, known as Genius Education Magic (GEMs), and the incorporation of stablecoins into the company’s ecosystem.
To support and legitimize on-chain transactions within its expanded blockchain framework, Genius Group is actively pursuing a Digital Asset Service Provider (DASP) license as a non-bank. This regulatory step aims to ensure compliant operations.
Furthermore, the GENIUS Act is anticipated to strengthen the broader Ethereum ecosystem by providing enhanced regulatory clarity for the use of stablecoins and tokenized assets, supporting Genius Group’s underlying technological infrastructure.