Genius Group, a Singapore-based synthetic intelligence training firm, expanded its company Bitcoin treasury by greater than 50% amid growing institutional adoption of the world’s first cryptocurrency.
Regardless of a earlier ban on the Nasdaq-listed agency’s company accumulation, Genius Group elevated its Bitcoin (BTC) treasury by 52%, buying a further 34 BTC throughout the previous month.
This brings the agency’s company holdings to 100 BTC, bought for a complete of over $10 million at a mean worth of $100,600 per Bitcoin, in keeping with a Monday announcement.
The acquisitions are a part of the AI agency’s technique to amass 1,000 BTC for its company treasury.
Associated: Amazon to take a position $13B in Australian AI knowledge heart infrastructure
Geniuys Group resumed its Bitcoin accumulation on Could 22, when it introduced a $2.7 million BTC funding, after receiving a positive ruling by the US Courtroom of Appeals towards its earlier Bitcoin funding ban.
On March 13, a New York District courtroom issued a preliminary injunction (PI) and short-term restraining order (TRO) a few dispute surrounding Genius Group’s merger with Fatbrain AI, which additionally barred the agency from shopping for extra Bitcoin.
Associated: Bitcoin nears new excessive as Trump says US-China commerce ‘deal is completed’
Genius Group among the many ‘first’ Bitcoin Treasury corporations ‘legally prevented’ from shopping for BTC: CEO
“We launched our Bitcoin Treasury in November 2025, and imagine we had been one of many first Bitcoin Treasury firms on the New York Inventory Change (NYSE) American,” wrote Roger Hamilton, CEO of Genius Group, including:
“We additionally imagine that subsequent to our announcement, we had been one of many solely firms legally prevented from shopping for Bitcoin by a US courtroom.”
Hamilton added that he’s “happy to have regained the fitting to handle our firm’s capital in the way in which our Board and shareholders see match,” reiterating the agency’s purpose of amassing 1,000 BTC.
More and more, extra firms are adopting Bitcoin as a reserve asset for his or her company methods. On June 13, online game large GameStop upsized its non-public convertible notice providing to $2.25 billion, signaling a deeper dedication to its Bitcoin treasury.
The financing spherical comes two weeks after GameStop introduced the acquisition of 4,710 Bitcoin valued at about $513 million on Could 28, making the agency the eleventh largest company BTC holder, Bitbo knowledge reveals.
Journal: Will Bitcoin faucet $119K if oil holds? SharpLink buys $463M ETH: Hodler’s Digest, June 8 – 14
