Genius Group Sells All Bitcoin to Repay Debt, Then Repurchases 10 BTC

Odaily reports that Bitcoin News posted on X platform stating that education company Genius Group purchased 10 bitcoins worth $854,000, marking the company's first repurchase since selling its entire bitcoin reserve on April 1 to repay $8.5 million in debt. As of February 2025, Genius Group had accumulated 440 bitcoins, after which it was affected by a New York injunction for approximately one year due to a dispute with LZG International. The U.S. Court of Appeals for the Second Circuit lifted the freeze order on August 31, and CEO Roger James Hamilton views this purchase as a signal that the company is restarting its bitcoin accumulation.