TechFlow news, January 10 — According to an official announcement, artificial intelligence company Genius Group (NYSE American: GNS) has added $5 million worth of Bitcoin to its reserves, acquiring 372 BTC with a total value of $35 million at an average purchase price of $94,047 per coin. This amount represents 30% of the company's initial target of $120 million in Bitcoin reserves and has surpassed its planned timeline.
Currently, Genius Group has a market capitalization of $42 million, meaning its Bitcoin holdings account for 83% of its market cap. The company has also increased its cryptocurrency loan facility with Arch Lending from $10 million to $14 million, maintaining a loan-to-value ratio of 40%.
In addition, Genius Group has approved a founder compensation plan aimed at achieving a $1 billion market capitalization within the next 10 years and growing its Bitcoin reserve to $1 billion in net assets.
Genius Group is an education-focused firm pursuing a "Bitcoin-first" strategy, leveraging artificial intelligence to deliver personalized education and acceleration solutions for individuals, enterprises, and governments, serving 5.4 million users across more than 100 countries worldwide.
