Genius Group has purchased an additional $10 million worth of Bitcoin, increasing its holdings to 319.4 BTC
According to Globenewswire, the artificial intelligence company Genius Group (NYSE American: GNS) announced that it has increased its Bitcoin purchase amount in its Bitcoin vault by an additional $10 million, bringing the total to 319.4 Bitcoins worth $30 million, with an average price of $93,919 per Bitcoin.
The company announced a "Bitcoin First" strategy on November 12th, pledging to hold 90% or more of existing and future reserves in the form of Bitcoin. The initial target was $120 million. Within six weeks thereafter, the company had purchased Bitcoins worth $30 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
JPMorgan Explores Using Client Cryptocurrencies as Collateral for Loans
Bank of England Considers Shelving Digital Pound Plans
Tesla Diner Now Open to the Public, May Accept DOGE Payments
Crypto Market Rises for Two Consecutive Days, NFT Sector Leads with 9.62% Surge
Trending news
MoreCrypto prices
More
