Ah, dear reader! Gather ’round as we unveil the latest spectacle in the grand theater of finance! 🎭 Genius Group, that illustrious company from the sunny shores of Singapore, has decided to fatten its Bitcoin treasury by a staggering 52%! Yes, you heard it right! A U.S. court, in a fit of benevolence, has lifted the shackles of a previous ban on crypto purchases, allowing our heroes to pursue their noble quest of amassing 1,000 BTC! 🏰
In a most dramatic turn of events, the CEO, the illustrious Roger Hamilton, took to the stage on X (formerly known as Twitter, but who’s counting?) to announce that the company has acquired 34 additional BTC in the past month. This brings their total to a grand total of 100 BTC! A round of applause, if you please! 👏 The average price? A mere $100,600 per BTC, leading to a total investment of approximately $10.06 million. A small fortune, indeed!
But wait! The plot thickens! This renewed buying frenzy follows a momentous decision by the U.S. Court of Appeals on May 6, which, in a twist worthy of the finest comedies, overturned a prior order that had barred Genius Group from acquiring more Bitcoin. This restriction, you see, was born from a March 13 ruling by a New York District Court, which had issued a preliminary injunction in a legal drama surrounding the company’s merger with Fatbrain AI. Oh, the intrigue! 🎭
Now, with the chains of restriction cast aside, Genius Group has reaffirmed its long-term ambition of building a treasury of 1,000 BTC. In the words of the ever-optimistic CEO Roger Hamilton:
“We’re pleased to be able to have regained the right to manage our company’s capital in the way our Board and shareholders see fit. Our 100 Bitcoin milestone is a significant step towards our 1,000 Bitcoin target.”
And lo! This development comes amidst a grand wave of corporate Bitcoin adoption. Earlier today, The Blockchain Group announced it had raised an additional €7.2 million (about $7.7 million) to advance its ambition of becoming Europe’s leading Bitcoin treasury firm. A noble pursuit, indeed! 🌍
Meanwhile, in the land of the rising sun, Metaplanet has recently hit its 2025 target of 10,000 BTC, following a fresh purchase of 1,112 BTC. And in the U.S., the ever-expanding Michael Saylor’s Strategy continues to grow its BTC treasury, recently adding another 10,100 BTC. Truly, the world of Bitcoin is a stage, and we are but players! 🎭💸
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2025-06-17 14:36