On the 18th (local time), Genius Group announced in a statement that 110 BTC was sold for an average of $90,932 per BTC (approximately 14
The company said it had invested $10 million in total, with the purchase of $10 million for a total of $10 million. This purchase is the first in a series of ongoing Bitcoin purchases the company plans to make to reach its goal.
Genius Group has announced plans to hold more than 90% of its current and future reserves in Bitcoin. The initial goal is set at $120 million.
The company is also planning a podcast to help other companies considering Bitcoin as a reserve asset. The decision comes as the company seeks to clarify its Bitcoin reserve strategy.
The reason is that there are no clear guidelines. Genius Group's GNS shares rose slightly after the company announced plans to introduce Bitcoin. According to Google Finance,
As of the trading day of Jan. 18, the stock price had risen more than 22% in a month to close at $0.91.
2024/11/19 12:39 KST
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