Singapore-Based Genius Group Boosts Holdings to 200 Bitcoin, Aims for 10,000-BTC Treasury
Main Idea
Singapore-based Genius Group has increased its Bitcoin holdings to 200 BTC as part of a long-term plan to build a 10,000-BTC treasury, supported by legislative developments like the GENIUS Act.
Key Points
1. Genius Group doubled its Bitcoin holdings to 200 BTC in July, with purchases made at an average price below the market range.
2. The company aims to scale its holdings to 1,000 BTC by the end of 2025 and eventually reach 10,000 BTC over two years.
3. The GENIUS Act supports Genius Group's initiative, with Ethereum expected to benefit significantly from the legislation.
4. Genius Group is pursuing licenses to tokenize its Genius Education Merits (GEMs) into regulated digital assets.
5. The company's strategy mirrors other firms like BIT Mining and DeFi Development Corp., which are also expanding into blockchain treasuries.
Description
Singapore-headquartered edtech firm Genius Group has doubled its Bitcoin holdings to 200 BTC after acquiring 20 BTC last week, part of a wider strategy to build a 10,000-BTC treasury. Key Takeaways: Genius Group increased its Bitcoin holdings to 200 BTC in July. The boost is part of a long-term 10,000-BTC treasury plan. The company is building a blockchain-based learning platform backed by satoshi-linked tokens called GEMs. The latest purchase, announced Tuesday, was made at an average price of ...
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