TechFlow news, on July 8, Genius Group Limited (NYSE American: GNS) announced today that it purchased 28 bitcoins at an average price of $102,858 on July 7, increasing its bitcoin holdings by 23% to 148 bitcoins. Since the U.S. Court of Appeals overturned the preliminary injunction prohibiting the company from buying bitcoin on May 22, Genius Group has achieved a 113% return on its bitcoin investments, more than doubling its per-share bitcoin ownership within the past six weeks. The company also significantly raised its bitcoin reserve target from 1,000 to 10,000 bitcoins, aiming to achieve this goal within the next 12 to 24 months.
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