Plans to Allocate $827 Million in Bitcoin and $800 Million in AI Assets, Genius Group Resumes Bitcoin Treasury Purchases

Odaily News: Genius Group announced the resumption of its Bitcoin treasury purchases, acquiring 10 BTC for approximately $854,000 between October 2 and 5, at an average purchase price of $85,364. Previously, the U.S. Court of Appeals for the Second Circuit lifted a preliminary injunction on August 31 that had blocked the company from issuing shares, raising capital, and purchasing Bitcoin.

This purchase is the next step in Genius Group's execution of its $1.2 billion dual-treasury capital plan. The plan, announced on August 27, aims to allocate $827 million in Bitcoin and $800 million in AI assets by fiscal year 2031, bringing total assets to $2 billion. The company plans to continue accumulating Bitcoin and increasing its AI stock holdings, intending to fund dual-treasury purchases through operating cash flow, perpetual preferred securities offering programs, and ATM stock issuance mechanisms. Currently, the company has no plans to purchase assets through debt financing or to pledge its Bitcoin and AI stock holdings. CEO Roger James Hamilton stated that while this purchase was limited in scale, it marks the company's resumption of its Bitcoin accumulation strategy.