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SINGAPORE - Genius Group Limited (NYSE American:GNS) CEO and Founder Roger Hamilton has purchased 650,000 shares of the company on the open market, according to a statement released Tuesday. The purchase comes as the stock has shown significant momentum, with InvestingPro data showing a remarkable 50% return over the past week.
The acquisition, made on Monday and Tuesday at an average price of $0.54 per share, increases Hamilton’s total shareholding by 10% to 7.5 million shares.
This purchase follows several previous investments by Hamilton in the AI-powered education company, including a $2.1 million interest-free loan in 2023, a $1.0 million equity purchase in January 2024, and the acquisition of 500,000 shares in October 2024 followed by another 500,000 shares in January 2025.
"As founder of Genius Group, I have been consistent in my ongoing financial support and optimism in our company’s future," Hamilton said in the press release statement.
Suraj Naik, Board Director and Head of AI at Genius Group, noted that shareholders recently approved up to a 20% buyback of shares at the company’s extraordinary general meeting.
Genius Group describes itself as an AI-powered education group with a Bitcoin-first treasury that serves 5.8 million users across more than 100 countries through its digital marketplace offering AI training, tools and talent solutions.
The company’s stock closed at $0.54 on Monday, according to market data.
The information in this article is based on a company press release.
In other recent news, Genius Group Limited announced a significant acquisition of Entrepreneur Resorts Ltd, which is expected to increase its 2025 revenue guidance by 50%. This move will reintegrate entrepreneur cafés and resorts into its operations, potentially boosting revenue from approximately $10 million to between $15 million and $18 million. The all-share transaction has been approved by both companies’ boards and awaits regulatory approval. Additionally, Genius Group has expanded its Bitcoin treasury by 52%, now holding 100 Bitcoin after a favorable U.S. Court of Appeals ruling allowed the resumption of Bitcoin purchases.
The company has also filed an amended RICO lawsuit seeking over $750 million in damages, targeting alleged fraudulent activities that obstructed its operations. In another development, Genius Group’s shareholders approved a share buyback program, allowing the repurchase of up to 20% of its shares. This decision aligns with efforts to navigate legal challenges while adhering to Singapore’s and U.S. securities laws. These actions are part of Genius Group’s broader strategy to restructure and rebuild its financial standing.
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