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Genius Group Again Acquires Bitcoin Worth US$10 Million During Correction

Genius Group, an Artificial Intelligence (AI)-based educational technology company, has purchased Bitcoin (BTC) for US$10 million to continue its “bitcoin first” strategy. The purchase occurred when Bitcoin experienced a correction at a price of US$93 thousand.

In its strategy, the company invested 90% or more of its reserves in Bitcoin, and is trying to reach an initial target of US$120 million.

It is known that Genius has a total of 319.4 BTC of Bitcoin and has issued US$30 million in Bitcoin. This marks the company's commitment to diversifying the company's assets.

Genius Group CEO Roger Hamilton said that his company had achieved this milestone in less than two months since implementing its strategy.

"We are considering a variety of investment and financial options that maximize shareholder value while accelerating our progress in building our Bitcoin treasury," said Roger.