AI company Genius Group has purchased an additional $4 million worth of Bitcoin, increasing its holdings to 153 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 $4 million, bringing the total to 153 Bitcoins worth a total of $14 million, with an average price of $91,372 per Bitcoin. The additional purchase of $4 million worth of Bitcoin was made after the company announced its "Bitcoin First" strategy on November 12th. This strategy promises that 90% or more of its current and future reserves will be held in Bitcoin form, with an initial target of $120 million in Bitcoin. The company then announced on November 18th that it had purchased its first batch of Bitcoins valued at $10 million. This is the second time within two weeks since establishing their bitcoin vault that they have bought bitcoins.
Earlier news from November reported that Genius Group had already purchased 110 Bitcoins for $10 million.
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