Genius Group's stock price increased by 22.18% yesterday, achieving a return of 1,649% since its first Bitcoin purchase in November.

Odaily Planet Daily reported that according to Yahoo Finance data, artificial intelligence education company Genius Group (GNS) saw its stock price increase by 22.18% yesterday, reaching $0.77. Genius Group reported that its net asset value grew by 177% in the first half of 2024, exceeding $54 million, surpassing its market value of over $40 million. The company also introduced BTC yield as a new performance metric, achieving a return of 1,649% since it first purchased Bitcoin in November. (CryptoBriefing) According to yesterday's news, Genius Group (NYSE American: GNS) announced that it has increased its Bitcoin purchases by an additional $10 million, bringing its total to 319.4 Bitcoins, valued at $30 million, with an average price of $93,919 per Bitcoin. The company announced a 'Bitcoin First' strategy on November 12, committing to hold 90% or more of its existing and future reserves in Bitcoin, with an initial target of $120 million. Within the following six weeks, the company purchased $30 million worth of Bitcoin.