Genius Group resumes Bitcoin acquisition..."Aiming to hold 1,000 coins"

Artificial intelligence (AI)-based education company Genius Group announced that it has resumed purchasing Bitcoin (BTC) since May and currently holds 100 BTC. Previously, Genius Group had been issued a court order prohibiting Bitcoin purchases by a United States court in April.

On the 17th (local time), Genius Group stated on its official website, "Following the United States Federal Court of Appeals ruling on May 6 (local time), we have been able to resume Bitcoin acquisitions," adding, "During the past month, we have accumulated an additional 34 BTC, bringing the total to 100 BTC." The company further noted, "The total purchase amount stands at $10,060,000, with an average purchase price of $106,000 per BTC."

They also indicated further accumulation plans. Genius Group emphasized, "We plan to continue accumulating Bitcoin with the aim of holding 1,000 BTC in the future."

Roger Hamilton, CEO of Genius Group, said, "We were one of the few companies prohibited by a United States court from acquiring Bitcoin," and added, "We are pleased that the company and our shareholders have again secured the right to purchase Bitcoin according to principles. We will continue to accumulate going forward."