Genius Group Builds $4 Million in Bitcoin
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According to GlobeNewswire, Genius Group (NYSE American: GNS), an artificial intelligence company, has announced that it has increased its Bitcoin treasury's Bitcoin purchases by an additional $4 million, to 153 Bitcoins, with a total value of $14 million, at an average price of $91,372 per Bitcoin.
This additional $4 million Bitcoin purchase was made after the company announced its "Bitcoin-First" strategy on November 12, which pledges to hold 90% or more of its current and future reserves in Bitcoin, with an initial target of $120 million in Bitcoin. This purchase is the second time the company has purchased Bitcoin within two weeks of establishing its Bitcoin treasury, with the first purchase announced on November 18 of $10 million in Bitcoin.
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