According to GlobeNewswire, Genius Group (GNS), a US-listed company, released its financial results for the first quarter of 2026 (ending March 31). The company has sold all of its Bitcoin reserves and fully repaid approximately $8.5 million in debt through debt restructuring, stating that it will restart Bitcoin reserve construction once market conditions improve. Financially, the company performed strongly in the first quarter: revenue of $3.3 million, a 171% increase year-over-year ($1.2 million); gross profit of $2 million, a 228% increase year-over-year ($0.6 million); and net profit of $2.7 million. The company stated that the performance growth was mainly due to the comprehensive expansion of its three business lines (Genius School, Academy, and Resorts).
Genius Group has sold its remaining BTC and will restart its Bitcoin reserve strategy when the time is right.
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