Genius Group increases Bitcoin Treasury to total purchase of 214 Bitcoin for $20 million

Core Insights - Genius Group Limited has increased its Bitcoin purchases by an additional $2 million, bringing its total Bitcoin holdings to 214 Bitcoin, valued at $20 million, with an average purchase price of $93,586 per Bitcoin [1][2]. Group 1: Bitcoin Strategy - The company has committed to a "Bitcoin-first" strategy, aiming to hold 90% or more of its current and future reserves in Bitcoin, with an initial target of $120 million in Bitcoin [2]. - The total purchase of $20 million in Bitcoin occurred within a month of announcing this strategy [2]. Group 2: Educational Initiatives - Genius Group is launching the Genius Bitcoin Academy and Genius Blockchain Academy, which will offer microcourses, microdegrees, and certifications starting in January 2025 [3]. - The educational platform will feature contributions from authors, experts, and podcasters from the global Bitcoin and Blockchain communities [3]. Group 3: Partnerships and Technology - The company has partnered with UK-based Applied Blockchain to develop a next-generation edtech platform, integrating student credits linked to the value of Satoshis and certifications on the Lightning Network [4]. - The Lightning Network will enable smart contracts on a Bitcoin-based decentralized network [4]. Group 4: Industry Engagement - Genius Group is actively participating in various industry events as a title sponsor, including the FutureFi Summit and Bitcoin Investor Day, scheduled for 2025 [5][6]. - These sponsorships are part of the company's strategy to enhance its leadership position in the Bitcoin-first, AI-powered education sector [7]. Group 5: Growth and Capital Strategy - The company is focused on expanding its student base and faculty to prepare for future economies while building its Bitcoin Treasury [7]. - Genius Group is exploring various sources of capital, including commercial loans, to facilitate its Bitcoin purchases [7].