Genius Group adopts a “bitcoin-first” strategy, making Bitcoin its primary treasury asset after adding blockchain and Web3 experts to its board.
Genius Group to Buy Bitcoin
Genius Group, an AI-powered education and acceleration organization, has elected to implement a “bitcoin-first” approach, designating bitcoin as its primary treasury asset.
After the company reorganized its board and included experts in the blockchain and Web3 technologies sector, this strategy was implemented.
The company has pledged to maintain a minimum of 90% of its current and future reserves in bitcoin (BTC), as per an announcement issued on Tuesday.
The strategy also involves the acquisition of an initial objective of $120 million in bitcoin, the launch of a Web3 education series for students, and the implementation of bitcoin payments on the company’s edtech platform.
Thomas Power, the Director of the company, commented on the implementation of this approach:
Genius Group is focused on educating students for the exponential technologies of the future. We see bitcoin as being the primary store of value that will power these exponential technologies. The compelling case that we believe Michael Saylor and Microstrategy have made for public companies to invest in bitcoin as their primary treasury reserve asset is one that we fully endorse.
This places Genius Group in the company of organizations like Microstrategy and Semler Scientific, which have explicitly established bitcoin investment strategies as part of their organizational asset base.
