Genius Group Limited, an artificial intelligence firm, saw a 66% surge in its stock value in a single day after announcing a new strategy focused on Bitcoin. The company plans to allocate 90% of its reserves to Bitcoin, starting with a $150 million offering to acquire $120 million worth of the cryptocurrency. Additionally, Genius Group will introduce Bitcoin payments on its EdTech platform and launch a Web3 education series. The company's director, Thomas Power, expressed support for MicroStrategy's approach to Bitcoin investment. Founded in 2002, Genius Group provides AI-powered education technology for various levels and became listed on the NYSE American in 2022. The decision to prioritize Bitcoin follows a board restructuring involving blockchain and Web3 experts. This move aligns with the belief that Bitcoin will play a crucial role in future technologies, similar to MicroStrategy's approach. Other companies, such as Semler Scientific and Metaplanet, have also started investing in Bitcoin as part of their treasury reserves. Read more AI-generated news on: https://app.chaingpt.org/news

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