Genius Group Limited (GNS) experienced an 11% increase in its stock price, reaching around $0.72, after announcing an expansion of its Bitcoin holdings to $30 million. The company now owns 319.4 Bitcoins, after adding $10 million to its original investment. Since it began purchasing Bitcoin in November, Genius Group has reported a remarkable 1,649% yield on its investments. The firm has also seen a 177% rise in its net asset value, exceeding $54 million, which surpasses its Market cap of over $40 million. Genius Group’s CEO, Roger Hamilton, expressed satisfaction with their progress towards acquiring a total of 1,000 Bitcoins. Their Bitcoin investments were made possible through various funding sources, including reserves and a loan.
Genius Group Expands Bitcoin Treasury, Stock Surges 11%
Genius Group Limited recently announced a significant increase in its Bitcoin holdings, leading to an impressive 11% spike in its stock price, which reached approximately $0.72 in early US trading. The educational tech company now holds a total of $30 million in Bitcoin after adding an additional $10 million to its treasury.
Key Takeaways:
– Genius Group stock rose 11% after expanding its Bitcoin Treasury to $30 million.
– The company reported an extraordinary 1,649% return on its Bitcoin investments since it first purchased Bitcoin in November.
Current Bitcoin Holdings and Performance Metrics
The company’s Bitcoin Treasury now consists of 319.4 Bitcoin. This expansion is part of a broader strategy that has seen Genius Group achieve a 177% increase in its net asset value, valuing it at over $54 million in the first half of 2024. This value surpasses its Market cap of more than $40 million, indicating strong financial growth.
Genius Group introduced a new performance metric, BTC Yield, and reported a remarkable yield of 1,649% since its original acquisition. CEO Roger Hamilton stated, “We have been buying Bitcoin consistently and are pleased to be ahead of our internal schedule to reach our initial target of 1,000 Bitcoin in our Treasury.”
Funding for the Purchases
The latest Bitcoin acquisitions were funded through the company’s reserves, proceeds from an ATM, and a notable $10 million loan obtained from Arch Lending. As of December 29, 2024, the Bitcoin Treasury is valued at $30.4 million, reflecting the current price of Bitcoin.
Looking Ahead
Given that only a fraction of the company’s growth is reflected in its current share price, CFO Gaurav Dama expressed optimism, noting a high BTC/Price ratio of 75%. This figure is significantly higher than that of its industry peers, suggesting that the true value of Genius Group’s Bitcoin investments may not yet be fully recognized in the Market.
This latest expansion underscores Genius Group’s commitment to cryptocurrency as a cornerstone of its financial strategy, reinforcing its position as an innovative player in the education technology Market.
For more updates and information, follow Genius Group’s progress in the evolving world of digital assets and investments.
What is the reason for the surge in Genius Group’s stock price?
Genius Group’s stock jumped 11% after the company announced it’s increasing its Bitcoin Treasury to $30 million. This move shows confidence in Bitcoin and boosts investor enthusiasm.
How does expanding the Bitcoin Treasury benefit Genius Group?
By expanding its Bitcoin Treasury, Genius Group not only increases its digital asset holdings but also positions itself for potential future value growth as Bitcoin becomes more popular.
What does it mean to have a Bitcoin Treasury?
A Bitcoin Treasury means a company holds Bitcoin as part of its assets. This can provide diversification and potential financial gains if the value of Bitcoin rises.
Is investing in Genius Group a good idea now?
Investing in any stock depends on individual financial goals and risk tolerance. With the stock’s recent rise due to the Bitcoin Treasury expansion, investors should do their own research and consider Market conditions.
What are the risks of investing in Bitcoin-related companies like Genius Group?
Investing in Bitcoin can be volatile and risky due to price fluctuations. Companies that heavily invest in Bitcoin, like Genius Group, may experience dramatic changes in stock value based on Bitcoin’s Market performance.
