Genius Group Resumes Bitcoin Purchase, Acquires Additional 24.5 BTC After Court Ruling
Summary
- Genius Group announced that it has resumed Bitcoin purchases following the U.S. Court of Appeals decision, bringing its total holdings to 85.5 BTC.
- The company aims to hold a total of 1,000 Bitcoins and plans to launch the 'Bitcoin Academy' at the end of this month.
- Roger Hamilton, CEO, stated that they will focus on AI, Bitcoin, and community as the core pillars of education to prepare for the digital economy era.
The education technology company Genius Group, listed on the NYSE American, announced that it has recently increased its Bitcoin (BTC) holdings by approximately 40%.
According to Globe Newswire on the 22nd (local time), Genius Group stated in a press release, "With the resumption of Bitcoin purchases following the U.S. Court of Appeals decision, we have acquired an additional 24.5 BTC, bringing our total to 85.5 BTC (approximately $8.5 million)." The average purchase price is $99,700.
Genius Group aims to hold a total of 1,000 Bitcoins and plans to launch the 'Bitcoin Academy' at the end of this month as part of this initiative. This plan was first announced in November last year. Genius Group had held 440 BTC by February this year but sold most of it due to a temporary court injunction.
Roger Hamilton, CEO, stated, "We will recover from the damages caused by legal disputes and prepare for the digital economy era by making AI, Bitcoin, and community the core pillars of education."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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