Genius Group expands Bitcoin reserves, announces education initiatives

Published 17/12/2024, 14:06
Genius Group expands Bitcoin reserves, announces education initiatives
GNS
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SINGAPORE - Genius Group Limited (NYSE American: GNS), an education company focusing on artificial intelligence and Bitcoin integration, has increased its Bitcoin holdings by $2 million, bringing its total Bitcoin investment to $20 million at an average price of $93,586 per coin. With a current market capitalization of $15.5 million and a beta of 10.69, indicating significant market sensitivity, the company's Bitcoin position reflects an aggressive investment strategy. According to InvestingPro analysis, the stock is currently trading below its Fair Value, though investors should note the company's high volatility metrics. This accumulation is part of the company's declared "Bitcoin-first" strategy, which aims to allocate 90% of its current and future reserves to Bitcoin, targeting an initial $120 million in the cryptocurrency.

The company's expansion into Bitcoin aligns with its plans to develop a Bitcoin-first education platform. Announcements made at the Bitcoin MENA 2024 conference in Abu Dhabi and on X spaces on Tuesday outlined the launch of the Genius Bitcoin Academy and Genius Blockchain Academy, set to introduce courses and certifications in January 2025. While the company showed strong revenue growth of 26.76% in the last twelve months, InvestingPro data reveals challenges with cash burn and liquidity, with a current ratio of 0.56.

Additionally, Genius Group has partnered with UK-based Applied Blockchain to develop its next-generation edtech platform. The platform will feature Genius Education Merits (GEM), in-platform student credits linked to the value of Satoshis, and certifications on the Lightning Network, which enables smart contracts on a Bitcoin-based decentralized network.

In its pursuit of industry leadership, Genius Group has secured title sponsorships for several major blockchain and financial technology events throughout 2025, including Consensus Hong Kong, Paris Blockchain Week, and Consensus Toronto. These sponsorships are part of the company's strategy to grow its student base and faculty in preparation for the future's exponential economies while bolstering its Bitcoin Treasury.

The company is also exploring various sources of capital, including commercial loans, to support its Bitcoin purchases. However, this press release does not constitute an offer to sell securities, which would only be made through a prospectus in compliance with the Securities Act of 1933, as amended, or an applicable exemption.

Genius Group serves 5.4 million users across over 100 countries with its AI-powered education solutions. With analysts forecasting sales growth of 347% for the current year, investors monitoring this expansion can access deeper insights through InvestingPro's comprehensive research reports, which include detailed analysis of the company's growth trajectory and financial health metrics. Investors interested in the company's activities can access the recording of the recent investor meeting at the Genius Group website.

This article is based on a press release statement from Genius Group Limited.

In other recent news, Genius Group Limited reported substantial revenue growth and made strategic moves to strengthen its position in the AI and Bitcoin sectors. The company announced a 130% increase in revenue for the first half of 2024, reaching $20.7 million, and reduced its adjusted EBITDA loss by 37%. Recently, Genius Group expanded its Bitcoin holdings with additional purchases totaling $5.8 million, bringing its total investment to $19.8 million. This aligns with the company's "Bitcoin-first" strategy, aiming for an initial target of $120 million in the digital currency.

In addition to these financial developments, Genius Group acquired XD Academy, a learning platform specializing in Bitcoin and Blockchain education. The acquisition will see XD Academy's courses integrated into Genius Group's educational offerings, expanding the Bitcoin Academy's faculty and course selection on the company's Edtech platform.

Genius Group also launched its global AI education platform, GeniusGroup.AI, and reshuffled its Board and Management team, appointing four new directors and an Interim CFO. The company's CEO, Roger Hamilton, acquired 500,000 ordinary shares and received approval for the purchase of up to 10 million shares. These are the recent developments for Genius Group.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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