According to PANews, artificial intelligence company Genius Group (NYSE American: GNS) has increased its Bitcoin holdings by an additional $4 million, bringing its total to 153 Bitcoins valued at $14 million. The average purchase price per Bitcoin stands at $91,372. This recent acquisition follows the company's announcement on November 12 of its 'Bitcoin First' strategy, which commits to holding 90% or more of its current and future reserves in Bitcoin. The initial target for this strategy is to accumulate $120 million worth of Bitcoin.
On November 18, Genius Group disclosed its first Bitcoin purchase under this strategy, acquiring $10 million worth of the cryptocurrency. This latest purchase marks the company's second acquisition within two weeks since establishing its Bitcoin treasury. Earlier in November, Genius Group announced the acquisition of 110 Bitcoins for $10 million, further solidifying its commitment to the 'Bitcoin First' strategy.
