Key Takeaways
- Genius Group adopts a Bitcoin-first strategy, committing 90% of its reserves to Bitcoin as a primary treasury asset.
- The company will utilize their $150 million ATM (At-the-market offering) to acquire an initial target of $120 million in Bitcoin, to be held for the long term as its primary treasury reserve asset
- Genius Group plans to enable Bitcoin payments on its Edtech platform globally.
Genius Group Adopts Bitcoin as Primary Treasury Reserve Asset
Genius Group Limited has officially adopted a Bitcoin-first strategy, making Bitcoin its primary treasury reserve asset. This new strategy was implemented after the board's restructuring.
The company will allocate 90% or more of its current and future reserves to Bitcoin for long-term holding.
Using its $150 million ATM (At-the-market offering), Genius Group aims to initially acquire $120 million worth of Bitcoin.
Educational and Technological Advancements
Genius Group plans to launch a new educational series called 'Web3 Wealth Renaissance' to enhance students’ knowledge of Bitcoin, cryptocurrency, and blockchain.
This series will feature AI-powered guides, designed to prepare students for an economy driven by exponential technologies.
Genius Group Director Thomas Power stated, 'We see Bitcoin as being the primary store of value that will power these exponential technologies.'
The company also plans to integrate Bitcoin payments into its Edtech platform for global accessibility.
Strategic Advantages and Future Vision for Genius Group
Genius Group believes its Bitcoin-first strategy aligns it with the future-focused vision promoted by MicroStrategy for public companies.
Genius Group Director Ian Putter emphasized, 'Being a Singapore-incorporated company, with 0% capital gains tax, gives us an additional advantage.'
The company has also been engaged in legal battles against market manipulators to restore its share value and protect shareholder interests.
