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Genius Group Boosts Bitcoin Treasury to $42M, Joining Corporate Crypto Trend

Coin WorldMonday, Feb 3, 2025 11:30 pm ET

1min read

Artificial Intelligence company Genius Group has bolstered its Bitcoin treasury by $2 million, increasing its holdings to 440 BTC, valued at approximately $42 million. This strategic move comes as the company continues to diversify its portfolio and capitalize on the growing demand for cryptocurrencies.

Genius Group's decision to expand its Bitcoin holdings aligns with a broader trend among corporations and institutional investors, who are increasingly recognizing the potential of cryptocurrencies as a store of value and a hedge against inflation. As the market for digital assets continues to evolve, companies like Genius Group are positioning themselves to take advantage of new opportunities and mitigate risks.

The company's latest acquisition brings its total Bitcoin holdings to 440 BTC, with an average price of $95,519 per coin. This strategic investment underscores Genius Group's commitment to integrating digital currencies into its portfolio and demonstrates its confidence in the long-term prospects of the cryptocurrency market.

Genius Group's move follows a series of similar announcements from other companies, including Bitcoin ATM operator Bitcoin Depot, which recently purchased $5 million worth of Bitcoin. The company now holds 71.5 BTC, further solidifying its position as the largest Bitcoin ATM operator in North America, with approximately 8,400 self-service terminals.

As the landscape of digital assets continues to evolve, companies like Genius Group and Bitcoin Depot are playing a crucial role in driving innovation and adoption. By increasing their Bitcoin holdings and expanding their services, these companies are helping to create a more accessible and inclusive ecosystem for cryptocurrency users.

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