Singapore -based Artificial Intelligence Company Genius Group has promoted its crypto holdings, which is buying an additional $ 2 million to 440 to 440 bitcoins for $ 42 million.
Singapore -based AI and education company Genius Group now holds more bitcoins (BTCs) than their own market value. The company has increased its bitcoin reserves to 440 BTC, adding another $ 2 million to the purchase, it has been said in February 1. Press release,
Genius has now spent $ 95,519 per BTC at an average price of $ 42 million on bitcoin. But by January 31, Bitcoin trading at $ 104,893, the company’s bitcoin Treasury is priced at $ 46 million – while its own market cap is $ 33.1 million. This means that in genius stock, each $ 100 technically holds $ 139 in bitcoin.
“This BTC / price ratio to the company gives 139%, in proportion to which the market value of the company’s bitcoin treasury is divided by its market cap. Based on this ratio, on January 31, 2025, Bitcoin in bitcoin in $ 100 of the company’s equity includes $ 139. ,
Talented group
The latest purchase follows Genius’ $ 5 million bitcoin purchase weeks ago. The firm is stabilizing BTC as part of its “bitcoin-first” strategy. Over the last three months, it has put $ 40 million in bitcoin and plans to increase $ 120 million using an ATM feature, an ATM feature and $ 19 million to $ 120 million.
The Genius is following the playbook of the largest corporate bitcoin holder, microstrati. Genius Group Director Thomas Power believes that with a bitcoin-first strategy, the company “will be one of the first NYSE American listed companies to completely embrace the bitcoin strategy of the company” for the benefit of our shareholders. “
