Genius Group buys $5m more in Bitcoin, totaling treasury to $35m

Genius Group Limited has increased its Bitcoin treasury to $35 million.

This purchase surpassed its goal ahead of schedule as part of its ongoing efforts to amass $120 million in Bitcoin holdings. according to to a corporate version.

The latest purchase comes just two months after that of the Singapore-based, AI-powered education company. announcement its “Bitcoin-first” strategy in early November.

Genius Group added $5 million worth of Bitcoin (BTC) buys, bringing its total holdings to 372 BTC at an average acquisition price of $94,047 per Bitcoin.

As of January 9, the company’s Bitcoin treasury was valued at $35 million, reflecting Bitcoin’s current price of around $94,000.

With Genius Group’s market capitalization of $42 million, its BTC-to-price ratio stands at 83%.

Supplementary loan from Genius Group

To further grow its Bitcoin cash flow, Genius Group increased its loan with Arch Lending from $10 million to $14 million, maintaining a 40% loan-to-value ratio, according to the release.

The company largely uses cryptocurrency-backed loans to fund its reserves without selling Bitcoin, consistent with its strategy of allocating 90% or more of its reserves to Bitcoin.

Genius Group, which integrates AI solutions into education, considers Bitcoin a key part of its financial strategy. CEO Roger Hamilton compared the company’s approach 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 aligns with its broader plans to integrate blockchain technology into its AI-powered education platforms. These plans include the implementation of on-chain certifications and reward systems using Bitcoin’s Lightning Network.