Genius Group adds to its Bitcoin Treasury, with total purchase of 194 Bitcoin for $18 million
09 Diciembre 2024 - 7:00AM
Genius Group Limited (NYSE American: GNS) (“Genius Group” or the
“Company”), a leading AI-powered, Bitcoin-first education group,
today announced that it had increased its Bitcoin purchases for its
Bitcoin Treasury by an additional $2.2 million to 191 Bitcoin for
$18 million, at an average price of $92,728 per Bitcoin.
The Company’s announced on November 12 of its
“Bitcoin-first” strategy that it is committing 90% or more of its
current and future reserves to be held in Bitcoin, with an initial
target of $120 million in Bitcoin. Following its initial purchase
of $10 million in Bitcoin in the week of the announcement, in the
four subsequent weeks it has been adding an average of $2 million
per week to its Bitcoin reserve.
The Company will be hosting an Investor Meeting
live from Bitcoin MENA 2024 in Abu Dhabi at 5.30pm UAE time, 8.30am
US Eastern Time, on Tuesday, December 10, 2024, where the Company’s
CEO, Roger Hamilton, will provide details of the Company’s growth
plans in 2025 including its “Bitcoin-First” Treasury Strategy and
its AI-powered “Built on Bitcoin” decentralized education network
plan, with on-chain GEMs (Genius Education Merits), AI tutors and
AI Certifications built on the Lightning Network.
Investors can attend the Investor Meeting live
at the Genius Group Booth, Bitcoin MENA 2024, at ADNEC Centre in
Abu Dhabi, or by visiting https://www.geniusgroup.ai/
About Genius Group
Genius Group (NYSE: GNS) is a Bitcoin-first
business delivering AI powered, education and acceleration
solutions for the future of work. Genius Group serves 5.4 million
users in over 100 countries through its Genius City model and
online digital marketplace of AI training, AI tools and AI talent.
It provides personalized, entrepreneurial AI pathways combining
human talent with AI skills and AI solutions at the individual,
enterprise and government level. To learn more, please
visit www.geniusgroup.net.
For more information, please visit
https://www.geniusgroup.net/
Forward-Looking
Statements
Statements made in this press release include
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934. Forward-looking statements can be
identified by the use of words such as “may,” “will”, “plan,”
“should,” “expect,” “anticipate,” “estimate,” “continue,” or
comparable terminology. Such forward-looking statements are
inherently subject to certain risks, trends and uncertainties, many
of which the Company cannot predict with accuracy and some of which
the Company might not even anticipate and involve factors that may
cause actual results to differ materially from those projected or
suggested. Readers are cautioned not to place undue reliance on
these forward-looking statements and are advised to consider the
factors listed above together with the additional factors under the
heading “Risk Factors” in the Company's Annual Reports on Form
20-F, as may be supplemented or amended by the Company's Reports of
a Foreign Private Issuer on Form 6-K. The Company assumes no
obligation to update or supplement forward-looking statements that
become untrue because of subsequent events, new information or
otherwise. No information in this press release should be
construed as any indication whatsoever of the Company’s future
revenues, results of operations, or stock price.
Contacts
MZ Group - MZ North America(949)
259-4987GNS@mzgroup.uswww.mzgroup.us
Genius (AMEX:GNS)
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