Genius Group Liquidates Entire Bitcoin Holdings to Repay $8.5 Million Debt

Odaily News AI and crypto company Genius Group disclosed on Tuesday that it had sold all its remaining Bitcoin holdings in the first quarter to repay debt. The company stated it would rebuild its Bitcoin reserves when market conditions are more favorable. This move contradicts its "Bitcoin-first" strategy announced in November 2024, under which the company pledged to hold over 90% of its current and future reserves in Bitcoin.

As of March 2026, Genius Group held 84 BTC, valued at approximately $5.7 million. Its holdings have been declining since April 2025, when a U.S. court temporarily prohibited it from expanding its Bitcoin reserves. The company reported strong first-quarter results, with revenue surging 171% year-over-year to $3.3 million, gross profit increasing 228% to $2 million, and net profit turning from a $500,000 loss in Q1 2025 to a $2.7 million profit.

Several companies have reduced their Bitcoin holdings in 2026. MARA Holdings sold 15,133 BTC in March, raising about $1.1 billion for convertible bond repurchases; Bitdeer liquidated its entire 943 BTC position in February; Cango Inc. sold 4,451 BTC; and GD Culture Group confirmed authorization to sell part of its holdings. In contrast, Michael Saylor's Strategy has accumulated 89,581 BTC this year, worth approximately $6.1 billion.