Bitcoin author Saifedean Ammous joins Genius Group as board advisor

SINGAPORE - Genius Group Limited (NYSE American:GNS), a $69.45 million market cap education technology company whose stock has surged over 135% in the past six months, announced Monday the appointment of Saifedean Ammous, bestselling author of "The Bitcoin Standard," as an advisor to its board. According to InvestingPro, the company currently shows high price volatility and operates with moderate debt levels.

Ammous, an economist and public speaker known for his expertise in Bitcoin and cryptocurrency, will advise the company on building its Bitcoin Treasury, developing its GEMs Bitcoin-based learning credit system, and advancing its Genius City model built on Bitcoin-backed Real World Asset tokenization. Get deeper insights into GNS’s financial health and growth potential with a comprehensive Pro Research Report, available exclusively on InvestingPro.

"As an education-focused Bitcoin Treasury Company, we have valued Saifedean’s expertise as one of the earliest and most articulate authorities in Bitcoin," said Roger James Hamilton, CEO of Genius Group.

Ammous, who founded the online learning platform Saifedean.com and hosts The Bitcoin Standard podcast, previously served as an Associate Professor of Economics at Lebanese American University from 2009 to 2019. He holds a PhD in Sustainable Development from Columbia University.

"I’m delighted to be joining Genius Group as Board Advisor, and to assist the Board on their Bitcoin-first strategy," said Ammous. "I have always had a passion for teaching, and for Bitcoin, and Genius is a wonderful place for me to combine these two passions."

Genius Group describes itself as a Bitcoin-first business delivering AI-powered education solutions with 5.8 million users across more than 100 countries. The company noted that Ammous’s "The Bitcoin Standard" Microcourse was the first to launch in its Bitcoin Academy earlier this year.

This announcement was based on a press release statement from the company.

In other recent news, Genius Group Limited has completed the acquisition of Entrepreneur Resorts Ltd, following strong shareholder approval. The transaction, which involved the transfer of 50 million Genius Group shares, was confirmed after 99.97% of ERL shareholders voted in favor. Additionally, Genius Group has announced plans to pursue a dual listing on an Asian stock exchange, aiming to facilitate investment access for shareholders in Asia and Oceania. In a move to address market manipulation, the company is hosting a live call to update stakeholders on its ongoing legal battles, including a RICO case. Furthermore, Genius Group has completed its second share buyback, repurchasing one million shares at an average price of $1.15 each. This follows a prior buyback at $1.30 per share, as part of a broader plan to repurchase up to 20% of its issued shares. The company has also provided guidance to shareholders on directly registering their shares to combat unauthorized lending for short selling. These developments reflect Genius Group’s strategic efforts in enhancing shareholder value and addressing market challenges.

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