The post Genius Group Expands Bitcoin Treasury with $10 Million Purchase appeared first on Coinpedia Fintech News
In a latest development, Genius Group Limited a leading AI-powered, Bitcoin-first education group, today announced an additional $10 million purchase for its Bitcoin Treasury, bringing its total holdings to 319.4 Bitcoin, valued at $30 million, with an average purchase price of $93,919 per Bitcoin.
Notably, Genius Group Limited has purchased $30 million worth of Bitcoin within six weeks of announcing its “Bitcoin-first” strategy, committing to hold 90% or more of its current and future reserves in Bitcoin, with an initial target of $120 million. The company has already reached 25% of this target ahead of schedule.
Genius Group Adopts BTC Yield as a Bitcoin Treasury KPI
Genius Group has adopted BTC Yield as a Key Performance Indicator (KPI) to evaluate the effectiveness of its Bitcoin Treasury strategy. This approach aims to benefit shareholders and allows the company to compare its performance with other Bitcoin Standard companies.
