The listed company, Genius Group, purchased 110 Bitcoins for 10 million US dollars to establish a Bitcoin reserve
The listed company Genius Group Limited (New York Stock Exchange stock code: GNS) announced today that it has purchased 110 Bitcoins for $10 million, with an average price of $90,932 per Bitcoin. This purchase marks the official establishment of the company's Bitcoin reserve.
It is reported that this purchase was made following the company's announcement of a "Bitcoin First" strategy on November 12th. The strategy promises to hold 90% or more of existing and future reserves in the form of Bitcoin, with an initial target of $120 million in Bitcoin. Today's purchase is the first in a series planned by the company to achieve its goal.
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
Iran’s seven-day reopening plan for the Hormuz Strait was rejected by Trump; Brent crude oil rises above $106
Iran insists on a seven-day proposal to reopen the Strait of Hormuz, but this plan has been rejected by U.S. President Trump, which may further delay the reopening of this crucial waterway.
New York Silver Futures Drop 1% to $64.15 per Ounce
Bitcoin Price Forecast: Can BTC USD Hit $90K Ahead of October’s FOMC Meeting?
Gold Fields said to express interest in buying Northern Star
Crypto prices
More
