Coinotag 18 Nov 2024

Genius Group Limited Acquires 110 Bitcoins for $10 Million, Reinforcing Its “Bitcoin-First” Strategy 💼

USA Bitcoin Genius Group Limited

Genius Group Limited, trading under NYSE: GNS, has undertaken a strategic investment in Bitcoin, purchasing 110 Bitcoins for a total of $10 million. This step reaffirms the company’s commitment to its “Bitcoin-First” strategy, which reflects its focus on integrating Bitcoin investments into its broader business model.

The acquisition signifies a robust confidence in the potential growth and value preservation capabilities of Bitcoin. Genius Group Limited has calculated the average acquisition cost per Bitcoin within this transaction, further bolstering its strategic financial play in the cryptocurrency market.

This decision aligns with the increasing trend of companies adopting Bitcoin as part of their financial strategies, suggesting a positive outlook and anticipation of Bitcoin’s long-term value stability or appreciation.

Source: en.coinotag.com ↗

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