Genius Group announced the restart of Bitcoin treasury purchases: buying 10 BTC after a six-month hiatus

According to Globenewswire, the U.S. publicly traded company Genius Group announced the restart of its Bitcoin treasury purchase plan. After liquidating its Bitcoin reserves in April this year, the company purchased 10 Bitcoins for approximately $854,000 between October 2 and 5, at an average price of $85,364 per Bitcoin.

This purchase is part of its execution of a $1.2 billion "dual treasury" capital plan, which aims to allocate $827 million to Bitcoin and $800 million to AI assets, with a plan to increase the total asset size to $2 billion by fiscal year 2031.