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Genius Group Has Sold Its Remaining BTC and Will Resume Bitcoin Reserve Strategy at an Opportune Time in the Future

2026-04-01 12:33

Odaily News According to the Q1 2026 (ended March 31) financial report released by the US-listed company Genius Group (GNS) on April 1, the company has sold all of its Bitcoin reserves and fully repaid approximately $8.5 million in debt through debt restructuring. It stated that it will resume building its Bitcoin reserves once market conditions improve. Financially, the company performed strongly in Q1: revenue reached $3.3 million, a 171% increase year-over-year (from $1.2 million); gross profit was $2 million, a 228% increase year-over-year (from $600,000); and net profit was $2.7 million. The company attributed the performance growth to the comprehensive expansion of its three major business lines (Genius School, Academy, and Resorts). (Globenewswire)