Publicly traded company Genius Group Limited (NYSE: GNS) has announced it has spent $10 million to purchase 110 BTC at an average price of $90,932. This purchase marks the company's official establishment of a Bitcoin reserve.

This purchase follows the company's announcement on November 12 of a 'Bitcoin First' strategy, which commits to holding 90% or more of existing and future reserves in the form of Bitcoin, with an initial goal of holding $120 million in Bitcoin. (GlobeNewswire)