Genius Group Limited, an artificial intelligence company, witnessed a 66% spike in its stock price following the announcement of a new Bitcoin
By adopting a strategy inspired by MicroStrategy—holding over 279,420 Bitcoin, valued at around $24.5 billion—Genius Group is setting itself apart as an early adopter of the Bitcoin-first approach among public AI companies.
This initiative will see the company channeling 90% or more of its current and future cash reserves into Bitcoin. To kickstart the strategy, Genius Group has launched a $150 million at-the-market (ATM) funding round, with plans to use around $120 million from the proceeds to buy Bitcoin.
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Announcing the policy on November 12, the company also revealed that it would expand Bitcoin payment options on its EdTech platform. Additionally, a new Web3 educational series will be launched, aiming to teach students about Bitcoin and other cryptocurrencies.
Thomas Power, a director at Genius Group, highlighted the logic behind the decision: “The strong case that Michael Saylor and MicroStrategy have made for using Bitcoin as a primary treasury asset is something we strongly support".
Genius Group’s AI-driven EdTech solutions target educational needs, from primary education to professional development. Since its listing on the NYSE American in 2022, the company has been expanding its vision to incorporate blockchain and Web3 technologies, aligning with its mission to equip learners for a tech-driven future.
The decision to adopt this strategy comes after a recent board reorganization that brought in several Web3 and blockchain experts, signaling a strong commitment to the digital asset and blockchain space. Power added:
Our mission at Genius Group revolves around preparing students for tomorrow’s exponential technologies. Bitcoin, we believe, will be a primary store of value driving these advancements.
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