SINGAPORE - Genius Group Limited (NYSE American: GNS), an education company with a focus on AI and Bitcoin, has expanded its Bitcoin Treasury, purchasing an additional $5 million worth of Bitcoin. This acquisition increases the company's total Bitcoin holdings to 372 units, valued at $35 million, at an average price of $94,047 per Bitcoin. According to InvestingPro data, the company's stock has shown significant volatility, with a beta of 10.68, making it particularly sensitive to market movements. This move is part of Genius Group's Bitcoin-first strategy, which was first announced on November 12, aiming to invest 90% or more of its reserves in Bitcoin, targeting an initial amount of $120 million in the cryptocurrency.
The company's progress in building its Bitcoin Treasury has outpaced its own schedule, reaching 30% of its initial target ahead of time. As of Thursday, the market value of Genius Group's Bitcoin holdings matched its purchase price, based on the current Bitcoin price of $94,000 per unit. The company's market capitalization stood at $40.32 million, with a BTC/Price ratio of 83%. While the company reported revenue of $16.15 million in the last twelve months, InvestingPro analysis indicates it's currently burning through cash, though maintaining a healthy current ratio of 2.52.
In addition to its Bitcoin investments, Genius Group has increased its loan with Arch Lending, a crypto-backed loan platform, from $10 million to $14 million, resulting in a loan-to-value ratio of 40%. Furthermore, the company has approved a Founder Compensation Plan for CEO Roger Hamilton, which includes milestones for increasing the Bitcoin Treasury's net asset value to $1 billion over the next decade.
Genius Group serves over 5.4 million users across more than 100 countries, offering AI-powered education and acceleration solutions designed for the future of work. The company's business model, known as Genius City, provides an online marketplace for AI training, tools, and talent, offering personalized entrepreneurial pathways that blend human talent with AI capabilities.
The information in this article is based on a press release statement. For a comprehensive analysis of Genius Group's financial health, growth prospects, and detailed metrics, access the full Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert insights and actionable intelligence.
In other recent news, Genius Group Limited has been making significant strides in its Bitcoin strategy, with recent purchases expanding its Bitcoin Treasury to a value of $30 million. The company has achieved 25% of its initial Bitcoin target ahead of schedule, marking a significant milestone. This aggressive investment strategy is measured using BTC Yield as a Key Performance Indicator, which reflects the percentage change in the ratio of the company's Bitcoin holdings to its Assumed Diluted Shares Outstanding.
Genius Group has also acquired XD Academy, a learning platform specializing in Bitcoin and Blockchain education, which aligns with the company's focus on integrating Bitcoin into its educational initiatives. This acquisition aims to expand the Bitcoin Academy's faculty and course selection on Genius Group's Edtech platform.
Financially, Genius Group reported a significant 130% increase in revenue for the first half of 2024, reaching $20.7 million, and successfully reduced its adjusted EBITDA loss by 37%. The company's CEO, Roger Hamilton, acquired 500,000 ordinary shares and received approval for the purchase of up to 10 million shares, reflecting confidence in the company's future. These are recent developments for Genius Group.
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