Genius Group, a Singapore-based synthetic intelligence training firm, expanded its company Bitcoin treasury by greater than 50% amid growing institutional adoption of the world’s first cryptocurrency.
Regardless of a earlier ban on the Nasdaq-listed agency’s company accumulation, Genius Group elevated its Bitcoin (BTC) treasury by 52%, buying an extra 34 BTC throughout the previous month.
This brings the agency’s company holdings to 100 BTC, bought for a complete of over $10 million at a median worth of $100,600 per Bitcoin, in keeping with a Monday announcement.
The acquisitions are a part of the AI agency’s technique to accumulate 1,000 BTC for its company treasury.
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Geniuys Group resumed its Bitcoin accumulation on Could 22, when it introduced a $2.7 million BTC funding, after receiving a good ruling by the US Court docket of Appeals in opposition to its earlier Bitcoin funding ban.
On March 13, a New York District court docket issued a preliminary injunction (PI) and momentary restraining order (TRO) a couple of dispute surrounding Genius Group’s merger with Fatbrain AI, which additionally barred the agency from shopping for extra Bitcoin.
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Genius Group among the many “first” Bitcoin Treasury companies “legally prevented” from shopping for BTC: CEO
“We launched our Bitcoin Treasury in November 2025, and consider we have been one of many first Bitcoin Treasury firms on the New York Inventory Trade (NYSE) American,” wrote Roger Hamilton, CEO of Genius Group, including:
“We additionally consider that subsequent to our announcement, we have been one of many solely firms legally prevented from shopping for Bitcoin by a US court docket.”
Hamilton added that he’s “happy to have regained the fitting to handle our firm’s capital in the way in which our Board and shareholders see match,” reiterating the agency’s aim of amassing 1,000 BTC.
More and more, extra firms are adopting Bitcoin as a reserve asset for his or her company methods. On June 13, online game large GameStop upsized its non-public convertible observe providing to $2.25 billion, signaling a deeper dedication to its Bitcoin treasury.
The financing spherical comes two weeks after GameStop announced the purchase of 4,710 Bitcoin valued at about $513 million on Could 28, making the agency the eleventh largest company BTC holder, Bitbo information exhibits.
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