The artificial intelligence company residing in Singapore added more bitcoin to the corporate treasury after temporarily banning it.
On May 22nd advertisementThe Genius Group made it clear that it resumed the accumulation of bitcoin (BTC) In the wake of a favorable ruling from the American Court of Appeal. The genius group is temporarily followed It was prevented from expanding the bitcoin treasury After the American Court order it prevented it from selling shares, collecting money and using investor money to purchase more BTC.
Genus Group has announced that it has increased Bitcoin 40 % with a purchase of 24.5 BTC, at a value of about $ 2.7 million. The company now owns 85.5 BTC obtained for a total amount of $ 8.5 million, at a rate of 99,700 dollars per currency.
“We are pleased to be able to start the task of rebuilding the value of shareholders from the damage caused by legal procedures for third parties, and our plan for 2025,” said Roger Hamilton, CEO of the company, Roger Hamilton.
Related to: Swedish health company jumps by 37 % on the purchase of Bitcoin First, China EV Seller to buy 1K BTC
Long -term commitment
Hamilton said that the genius group “is committed to educating students in ABCS in the future: artificial intelligence, bitcoin and society.” He claimed that the company is preparing for the world for the next digital workforce and the digital economy, adding:
“Building Bitcoin wardrobe is a major part of that plan.”
Genus Group was listed on the New York Stock Exchange (NYSE) with the maximum current market of $ 24.34 million. Google Financing Data He explains that the shares of the company are traded in less than half of the value that it was at the beginning of the year, at $ 0.34 at the time of writing this report, as it decreased more than 8 % on the last trading day from $ 0.41.
Related to: Bitcoin Open Froud records
Many of the following companies in the footstere of Microstrategy
Through Bitcoin’s accumulation, Genius Group follows Bitcoin Treasury Compley Bitcoin Treading in the world, previously known as Microstrategy. The strategy now maintains more than 2 % of the total bitcoin that will be created at all and continues to buy more. Company I got approximately $ 765 million in Bitcoin last week.
Genius Group is not the only company that follows in the footsteps of the strategy. Earlier this month, a company based in Bahrain listed in the menu with a market roof of $ 24.2 million The Bitcoin Treasury strategy adopted In partnership with the 10x Capital Investment Company.
Also this month, Top Watchmaker Luxury More than 60 % rose In the pre -market trading after the company said it will adopt the strategy of accumulating bitcoin and changing its name to Asiastrategy.
magazine: Metrocrusions $ 250k bitcoin are “Best Case”, Sol, Chefs noise for gains: Commercial Secrets
publish_date
