{"id":18533,"date":"2024-11-13T11:17:12","date_gmt":"2024-11-13T09:17:12","guid":{"rendered":"https:\/\/forklog.com\/en\/genius-group-allocates-90-of-reserves-to-bitcoin\/"},"modified":"2024-11-13T11:17:12","modified_gmt":"2024-11-13T09:17:12","slug":"genius-group-allocates-90-of-reserves-to-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/genius-group-allocates-90-of-reserves-to-bitcoin\/","title":{"rendered":"Genius Group Allocates 90% of Reserves to Bitcoin"},"content":{"rendered":"<p>Genius Group, a company specializing in educational programs utilizing artificial intelligence, has adopted Bitcoin as its primary treasury asset. The firm has pledged to hold 90% of its current and future reserves in the cryptocurrency, according to a <a href=\"https:\/\/www.globenewswire.com\/news-release\/2024\/11\/12\/2979138\/0\/en\/Genius-Group-Adopts-Bitcoin-Treasury-Reserve-Strategy.html\">press release<\/a>.\u00a0<\/p>\n<p>The company is investing $120 million in digital gold \u2014 equivalent to 1379 BTC at a rate of $87,000 at the time of writing \u2014 and intends to hold the coins &#8220;for an extended period.&#8221; Additionally, it will integrate Bitcoin payments into its Edtech platform.<\/p>\n<p>The shares of the Singapore-based company surged by 190% over two days before correcting.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXenRULwKiK_oZUuwb4WIs_fJhsgudwDoWSjSPHUn-Ian-MphHydnTBJWFkRt_LYqt9Dby9CS5JJoqRrpfY61FeUPERrFDMvvtU6JvYWYfUsElf5y0AZS8HTBJEXhzkEJppz8pWI9Q?key=E2r0wDuBESh9HRTyiN77JfeV\" alt=\"\u0418\u0418-\u043a\u043e\u043c\u043f\u0430\u043d\u0438\u044f Genius \u043d\u0430\u043f\u0440\u0430\u0432\u0438\u0442 90% \u0440\u0435\u0437\u0435\u0440\u0432\u043e\u0432 \u0432 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\"\/><figcaption class=\"wp-element-caption\">Daily chart of GNS on the NYSE. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=AMEX%3AGNS\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>The decision followed a restructuring of the company&#8217;s board, which saw the addition of several individuals with experience in cryptocurrencies and Web3 technologies. The company has adopted a global &#8220;Bitcoin-first&#8221; strategy.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We view Bitcoin as the primary store of value that will fuel exponential technologies. We fully support Michael Saylor of MicroStrategy&#8217;s compelling arguments for public companies to invest in Bitcoin as a primary treasury reserve asset,&#8221; stated Genius Group director Thomas Power.<\/p>\n<\/blockquote>\n<p>The company also plans to launch an AI-based educational program aimed at accelerating the understanding of digital gold, cryptocurrencies, and blockchain technology.<\/p>\n<p>Earlier, the value of Tesla&#8217;s Bitcoin holdings exceeded $1 billion due to a price increase.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Genius Group, a company specializing in educational programs utilizing artificial intelligence, has adopted Bitcoin as its primary treasury asset. The firm has pledged to hold 90% of its current and future reserves in the cryptocurrency, according to a press release.\u00a0 The company is investing $120 million in digital gold \u2014 equivalent to 1379 BTC at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,18],"class_list":["post-18533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-bitcoin"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=18533"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18533\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/18532"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=18533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=18533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=18533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}