Genius Group added to its Bitcoin holdings with a major purchase announced on December 30.

Company It has been detected Earn extra Bitcoin (Bitcoin) worth $10 million, bringing the BTC treasury to 319.4 BTC, worth $30 million.

Genius bought Bitcoin at an average price of $93,919 per Bitcoin. The publicly traded company's announcement came as it led MicroStrategy Latest BTC buying spree Its total holdings reach 446,400 Bitcoin.

Notably, Genius Group made $30 million worth of Bitcoin within six weeks of announcing its Bitcoin strategy.

The AI-powered company, which trades on the New York Stock Exchange, began the buying process on November 12, acquiring $10 million worth of bitcoin. Since then, Genius has consistently acquired a portion of the leading digital asset, worth 194 Bitcoin 18 million dollars Added on December 9th. The average purchase price at the time was $92,728 per bitcoin

The Genius Group's "Bitcoin-first" strategy aims to put at least 90% of its reserves into the benchmark cryptocurrency. The initial investment is targeting $120 million, and the company says it is currently 25% invested in it following the recent purchase.

Roger Hamilton, CEO of Genius Group, said:

“It's been less than two months since we launched our Bitcoin treasury strategy. We have been consistently buying Bitcoin and are pleased to be ahead of our internal schedule to reach our initial goal of 1,000 BTC in our treasury.

As of December 29, the company's holding came in at 319.4 bitcoins at an average purchase price of $95,060 per bitcoin. Genius Group had a market capitalization of $40.6 million as its stock price closed at $0.64 on December 27, 2024.