Genius Group increases Bitcoin Treasury to total purchase of 214 Bitcoin for $20 million
17 Dezember 2024 - 2:00PM
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 million to 214 Bitcoin for $20
million, at an average price of $93,586 per Bitcoin.
The total purchase of $20 million of Bitcoin has
been made within a month of the Company’s announcement in November
of its “Bitcoin-first” strategy where 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.
The Company is building a Bitcoin-first
education platform to complement its Bitcoin Treasury Strategy and
made the following announcements at its Investor Meeting held live
at Bitcoin MENA 2024 in Abu Dhabi and on X spaces Tuesday, December
10, 2024:
- The launch of the Genius Bitcoin
Academy and Genius Blockchain Academy, with a series of
micocourses, microdegrees and certifications to be launched in
January 2025, featuring authors, experts and podcasters within the
global Bitcoin and Blockchain communities.
- A partnership with UK-based Applied
Blockchain to launch the Company’s next generation edtech platform,
with the Company’s GEM (Genius Education Merits) in-platform
student credits linked to the value of Satoshis (a fractional unit
of Bitcoin) and Certifications on the Lightning Network. The
Lightning Network, via RBG, enables smart contracts on a
Bitcoin-based decentralized network.
- Title Sponsor of the FutureFi
Summit, Sponsor of the Intuitional Summit and main conference of
Consensus Hong Kong, 2025, presented by CoinDesk and scheduled for
February 18-20, 2025
- Title Sponsor of the Bitcoin
Investor Day, sponsor of the Paris Blockchain Week, and Title
Sponsor of the VIP Dinner, featuring the Genius Awards, held at the
Louvre Pyramid, scheduled for April 7-10, 2025
- Title Sponsor of the Bitcoin
Adoption Summit, Sponsor of the Wealth Management Day and main
conference of Consensus Toronto, 2025, presented by CoinDesk and
scheduled for May 14-16, 2025
- Title Sponsor of the Deep Whale
Lounge and Sessions Stage and Moon Sponsor of Bitcoin Asia,
presented by BTC Inc and scheduled for August 28-29, 2025 in Hong
Kong.
Attendance of these industry events are in
addition to the Company’s recently announced Title Sponsorship of
the Deep Whale Lounge and Sessions Stage and Moon Sponsor of
Bitcoin 2025, presented by BTC Inc and scheduled for May 27-29,
2025 in Las Vegas.
These announcements are part of the Company’s
ongoing plans to grow its leadership position as a Bitcoin-first,
AI-powered education company, building its student base and faculty
preparing for the exponential economies of the future while
building its Bitcoin Treasury.
The Company is also exploring
different sources of capital, including, but not limited
to, commercial loans on market terms to facilitate its
purchase of Bitcoin for its Bitcoin Treasury.
This press release is not intended to and shall
not constitute an offer to sell or the solicitation of an offer to
sell or buy any securities. No offer of securities shall be made
except by means of a prospectus meeting the requirements of the
Securities Act of 1933, as amended, or any exemption therefrom.
Investors can review the recording of the
meeting at: 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. Risks factors may include, but are not limited to, the
Company’s ability to raise capital on favorable terms, as well as
the risks of investing in Bitcoin which may include, among other
things, fluctuations in value of Bitcoin caused by various factors
including general market and economic conditions. 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
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