As a seasoned researcher with a keen eye for trends and a knack for following the footsteps of trailblazers, I find Genius Group’s Bitcoin strategy both intriguing and commendable. Having closely observed the cryptocurrency market for years, I’ve seen companies like MicroStrategy pave the way for others to adopt Bitcoin as a reserve asset.
The Genius Group has substantially increased its Bitcoin reserves, purchasing approximately 194 Bitcoins valued at around $18 million, with each Bitcoin costing an average of about $92,728.
This action follows the company’s “primarily Bitcoin” approach, under which they pledge to invest at least 90% of their total assets into Bitcoin, aiming for a portfolio worth approximately $120 million, as stated in a public announcement.
Smart Group is focusing on accumulating Bitcoin (BTC), committing at least 90% of its assets towards this digital currency. Their ultimate goal is to amass a total of 120 million dollars’ worth of Bitcoin in their holdings. This venture kicked off in November with an initial purchase of 10 million dollars’ worth of Bitcoin, and since then they have been making weekly investments averaging around 2 million dollars each.
During an Investor Meeting scheduled for Bitcoin MENA 2024 in Abu Dhabi on December 10, our company will delve deeper into this strategy. Additionally, our CEO, Roger Hamilton, will unveil the AI-driven “Built on Bitcoin” decentralized educational platform at the same event.
1 Day to Go!
the Genius Group Investor Meeting live from Bitcoin MENA 2024 in Abu Dhabi is live on X Space.
December 10, 2024 5.30pm GST | 8.30am EST🎧 Tune in for exclusive insights into the future of AI, blockchain, and crypto from world-class speakers.…
— GEN!US (@geniususocial) December 9, 2024
AI and BitcoinÂ
As a researcher immersed in this dynamic field, I am proud to be part of a pioneering team that seamlessly incorporates Artificial Intelligence into educational settings. Our company holds Bitcoin at the heart of our financial blueprint, viewing it as a pivotal stone in our structure. CEO Roger Hamilton has drawn parallels between our strategy and other publicly-traded firms that embrace Bitcoin as a reserve asset. He underscores its potential as a reliable “store of value” within the burgeoning digital economy.
Genius Group’s focus on Bitcoin is consistent with their ambition to integrate blockchain technology into their artificial intelligence learning environments. This integration involves the development of certification and reward systems that utilize Bitcoin’s Lightning Network.
In a similar vein as companies such as MicroStrategy, Genius Group is adopting Bitcoin to diversify their financial reserves in response to broader economic changes. Their approach to acquiring Bitcoin emphasizes swiftness and consistency, indicating a strategic long-term plan rather than merely reacting to market fluctuations.
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2024-12-09 21:39