U.S. publicly traded company Genius Group announced an increase in its Bitcoin holdings by 32 coins, bringing its total holdings to 180 coins.
By: theblockbeats.news|2025/07/14 20:52:00
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BlockBeats News, July 14th, according to official sources, Genius Group Limited (NYSE American: GNS) announced today that the company purchased 32 bitcoins on July 12, 2025, at an average price of $105,568 per bitcoin (either on the open market or through OTC), increasing its bitcoin reserves by 22% to a total of 180 bitcoins.
Genius Group stated that since the preliminary injunction from the U.S. Court of Appeals on May 22, 2025, temporarily lifting the ban on the company's bitcoin purchases, the company has achieved a 161% return on its bitcoin holdings. In less than two months, the company's bitcoin holdings have doubled. On July 7th, the company significantly raised its bitcoin reserve target from 1,000 bitcoins to 10,000 bitcoins, a tenfold increase. At the current growth rate, the company is on track to achieve this target within 24 months or less.
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