Genius Group increased Bitcoin purchases to $35 million, reaching a total of 372 Bitcoin, ahead of target schedule.
Quiver AI Summary
Genius Group Limited announced an increase of $5 million in Bitcoin purchases, raising its Bitcoin Treasury to 372 Bitcoin valued at approximately $35 million. This expansion aligns with the company's "Bitcoin-first" strategy, which aims to allocate at least 90% of its reserves to Bitcoin, with an initial target of $120 million. The company is ahead of schedule, currently achieving 30% of its target. Additionally, it raised its loan with Arch Lending to $14 million, maintaining a loan-to-value ratio of 40%. Genius Group's market capitalization stands at $42 million, and it aims for a $1 billion market cap within ten years. The company focuses on AI-powered education solutions and serves millions of users globally. Further details can be found in the accompanying 6K filing with the SEC.
Potential Positives
- Genius Group has successfully increased its Bitcoin purchases by an additional $5 million, bringing its total Bitcoin Treasury to 372 Bitcoin valued at $35 million, aligning with its “Bitcoin-first” strategy.
- The company is ahead of schedule in reaching its initial target of $120 million in Bitcoin reserves, having achieved 30% of that goal within two months.
- With a BTC / Price ratio of 83%, the company's Bitcoin Treasury represents a significant portion of its market cap, indicating a strong commitment to its Bitcoin-first strategy.
- The approval of a Founder Compensation Plan with milestones tied to substantial company growth signals a forward-looking approach focused on increasing its market cap to $1 billion within ten years.
Potential Negatives
- The company’s high dependency on Bitcoin, with 90% of reserves allocated to it, could expose it to significant financial risk if Bitcoin prices decline.
- The company's debt increase, along with a relatively high loan-to-value ratio of 40%, raises concerns about its financial leverage and ability to manage debt effectively.
- The market cap of $42 million is substantially lower than the targeted $1 billion growth milestone in the Founder Compensation Plan, indicating ambitious goals that may not be realistically achievable.
FAQ
What is Genius Group's recent Bitcoin purchase announcement?
Genius Group announced an additional $5 million purchase, bringing its Bitcoin Treasury to 372 Bitcoin valued at $35 million.
What is the company's Bitcoin-first strategy?
The strategy commits 90% or more of reserves to Bitcoin, targeting an initial $120 million in Bitcoin holdings.
What is Genius Group's market cap as of January 2025?
The company's market cap is $42 million based on 66.0 million issued shares and a share price of $0.64.
How has Genius Group's loan situation changed?
The company increased its crypto-backed loan from $10 million to $14 million, resulting in a 40% loan-to-value ratio.
What are the goals outlined in the Founder Compensation Plan?
The plan includes milestones for achieving a $1 billion market cap and growth of the Bitcoin Treasury to $1 billion in net asset value.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GNS Hedge Fund Activity
We have seen 1 institutional investors add shares of $GNS stock to their portfolio, and 1 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- XTX TOPCO LTD added 11,352 shares (+532.0%) to their portfolio in Q3 2024
- MORGAN STANLEY removed 6,081 shares (-100.0%) from their portfolio in Q3 2024
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Full Release
SINGAPORE, Jan. 10, 2025 (GLOBE NEWSWIRE) --
Genius Group Limited
(NYSE American: GNS) (“Genius Group” or the “Company”), a leading AI-powered, Bitcoin-first education group, today announced that it had increased its Bitcoin purchases for its Bitcoin Treasury by an additional $5 million to 372 Bitcoin for $35 million, at an average price of $94,047 per Bitcoin.
The total purchase of $35 million of Bitcoin has been made within two months of the Company’s announcement on November 12 of its “Bitcoin-first” strategy that it is committing 90% or more of its current and future reserves to be held in Bitcoin, with an initial target of $120 million in Bitcoin. The milestone to reach 30% of the initial target is ahead of the Company’s target schedule.
As at Thursday 9, 2024, the Company’s Bitcoin Treasury of 372 Bitcoin had a market value of $35 million based on the Bitcoin price of US$94,000 per Bitcoin. The Company’s market cap was $42 million based on 66.0 million issued shares and the share price of $0.64 at market close on Thursday 9, 2024. This gives the Company a BTC / Price ratio of 83%, with the ratio calculated by dividing the market value of the Company’s Bitcoin Treasury by its market cap.
The company has increased its Bitcoin loan with crypto-backed loan platform Arch Lending from $10 million to $14 million, giving the Company a current loan-to-value ratio of 40%.
The Company has also approved a Founder Compensation Plan with Founder and CEO, Roger Hamilton, with milestones up to a target of $1 billion market cap within 10 years that incorporate milestones and goals for the growth of the Bitcoin Treasury to $1 billion in net asset value. Details of the plan can be found in the accompanying 6K filed by the Company with the SEC as of today’s date.
About Genius Group
Genius Group (NYSE: GNS) is a Bitcoin-first business delivering AI powered, education and acceleration solutions for the future of work. Genius Group serves 5.4 million users in over 100 countries through its Genius City model and online digital marketplace of AI training, AI tools and AI talent. It provides personalized, entrepreneurial AI pathways combining human talent with AI skills and AI solutions at the individual, enterprise and government level. To learn more, please visit
www.geniusgroup.net
.
For more information, please visit
https://www.geniusgroup.net/
Forward-Looking Statements
Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as “may,” “will”, “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company's Annual Reports on Form 20-F, as may be supplemented or amended by the Company's Reports of a Foreign Private Issuer on Form 6-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise. No information in this press release should be construed as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.
Contacts
MZ Group - MZ North America
(949) 259-4987
GNS@mzgroup.us
www.mzgroup.us
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