Key Takeaways
- Genius Group will allocate 90% of its treasury to Bitcoin.
- The company will invest $120 million in Bitcoin as a reserve asset.
- Genius Group plans to offer Bitcoin payments and Web3 education.
Genius Group Limited, an AI-powered education and acceleration company, has announced a major shift to a “Bitcoin-first” approach, making Bitcoin its primary treasury reserve asset.
The Board of Directors has decided to allocate 90% or more of its treasury into Bitcoin, with plans to initially invest $120 million in Bitcoin from a $150 million funding facility.
New series
In addition to holding Bitcoin as a reserve, Genius Group will introduce a new educational series, “Web3 Wealth Renaissance,” to help students understand Bitcoin, blockchain, and digital assets through AI-guided content.
The company will also enable Bitcoin payments on its EdTech platform, expanding Bitcoin’s role within its ecosystem.
Team chimes in
Thomas Power, a Genius Group director, emphasized the educational value of this approach, stating:
We see Bitcoin as the primary store of value that will power future exponential technologies.
Ian Putter, another board member, highlighted the potential for increased shareholder returns, especially as Singapore’s 0% capital gains tax policy strengthens their Bitcoin-first strategy.
CEO Roger Hamilton noted that the transition to blockchain technologies and a decentralized model could help the company recover from market manipulation that impacted its share price. He announced that the company will discuss these plans in detail in an upcoming podcast.
