Key Points
- Genius Group Limited has expanded its Bitcoin Treasury to $35 million, surpassing its target ahead of schedule.
- The company has also increased its loan with Arch Lending to expand its Bitcoin Treasury further.
Genius Group Limited has boosted its Bitcoin Treasury to $35 million. This acquisition has exceeded its goal ahead of time as part of its ongoing endeavor to accumulate $120 million in Bitcoin assets.
Bitcoin-first Strategy
This recent acquisition comes only two months after the AI-powered education firm based in Singapore unveiled its “Bitcoin-first” strategy in early November. Genius Group added $5 million worth of Bitcoin (BTC) to its assets, taking its total holdings to 372 BTC at an average purchase price of $94,047 per Bitcoin. As of January 9, the company’s Bitcoin Treasury was estimated at $35 million, mirroring the current Bitcoin price of approximately $94,000. With a market capitalization of $42 million, Genius Group’s BTC-to-price ratio is at 83%.
Genius Group’s Additional Loan
In a bid to enhance its Bitcoin Treasury, Genius Group has boosted its loan with Arch Lending from $10 million to $14 million, keeping a loan-to-value ratio of 40%. The firm is extensively using crypto-backed loans to fund its reserves without selling Bitcoin, in line with its strategy of allocating 90% or more of its reserves to Bitcoin.
Genius Group, which incorporates AI solutions into education, sees Bitcoin as a crucial element of its financial strategy. CEO Roger Hamilton has likened the company’s approach to that of other publicly traded companies that have adopted Bitcoin as a reserve asset, highlighting its potential as a “store of value” in the digital economy.
The company’s “Bitcoin-first” strategy is consistent with its wider plans to integrate blockchain technology into its AI-powered educational platforms. These plans encompass the implementation of on-chain certifications and reward systems using Bitcoin’s Lightning Network.
