Genius Group has officially resumed its Bitcoin buying activities, acquiring 10 BTC for approximately $854,000, with an average purchase price of $85,364 per Bitcoin between October 2 and October 5. This renewed strategy comes after a court lifted a prior injunction that had restricted the company’s fundraising and Bitcoin purchasing capabilities. The recent acquisition signals a return to a treasury strategy that had been temporarily halted due to legal constraints. While the 10 BTC purchase is modest compared to larger corporate Bitcoin holdings, it signifies a strategic move rather than isolated transactions. The company has integrated Bitcoin into its broader capital allocation plan alongside AI assets, exposing itself to the inherent risks associated with Bitcoin price fluctuations. Shareholders will now face the familiar dynamics of corporate treasury strategies—potential gains if Bitcoin values rise, and market volatility if prices decline. This development highlights Genius Group’s commitment to its Bitcoin strategy despite previous legal hurdles, as the company aims to scale its treasury ambitions in the future.
