This article is about blockchain, business and technology news. Here is the summary:

Genius Group has decided to convert a large portion of its treasury to Bitcoin and purchased 110 Bitcoins for $10 million for this purpose. The company aims to guide other companies that plan to use Bitcoin as treasury reserves by adopting MicroStrategy’s treasury plan. CEO Roger Hamilton stated that there is no clear guideline in this process and announced that they will start a podcast on November 19.

Genius Group’s stock price increased by 22% after the decision to switch to Bitcoin. However, the stock price is still far from its previous peaks.

We are waiting for your comments: Does using Bitcoin as treasury reserves make sense?