- Genius Group commits 90% of future reserves to Bitcoin, targeting $120M in holdings by 2025.
- MicroStrategy now controls 2% of Bitcoin supply, with 423,650 BTC worth $25.6B.
- Trump plans a U.S. Bitcoin reserve, signaling rising governmental crypto interest.
Genius Group, a New York Stock Exchange-listed tech firm, has strengthened its Bitcoin-focused treasury strategy. The company revealed it acquired 194 BTC units worth approximately $18 million at an average price of $92,728 per coin. In a recent statement, Genius Group reaffirmed its plan to allocate 90% of future reserves to Bitcoin, maintaining a target of $120 million for Bitcoin investments.
The firm, known for its AI-powered education platform, has consistently invested $2 million weekly in Bitcoin. This follows a $10 million purchase made last month. Genius Group confirmed it will continue with this approach, showcasing its commitment to a Bitcoin-first strategy heading into 2025.
Corporate Giants Join the Bitcoin Race
Genius Group is among several corporate entities heavily investing in Bitcoin. Industry leader MicroStrategy recently acquired 21,550 BTC for $2.1 billion. This brought its total holdings to 423,650 BTC, purchased at a combined value of $25.6 billion. This massive accumulation has positioned MicroStrategy as a significant player, controlling around 2% of Bitcoin’s total supply.
Riot Platforms, another major firm, has announced plans to raise $500 million to expand its Bitcoin holdings. This move underlines the growing interest among corporate players in building substantial Bitcoin reserves.
Nations Show Interest in Bitcoin
Governments worldwide are also embracing Bitcoin. El Salvador pioneered this trend by legalizing Bitcoin in 2021, with its investments yielding notable returns. The U.S. may follow suit under the leadership of President-elect Donald Trump. Trump has pledged to establish a strategic Bitcoin reserve, supported by a newly formed crypto advisory council.
The appointment of David Sacks as the U.S. Crypto Czar highlights the administration’s commitment to its Bitcoin-related goals. Experts believe U.S. government backing could drive other nations to adopt similar strategies. This development could significantly shape Bitcoin’s role in the global financial system.
Corporate and national interest in Bitcoin continues to gain momentum, showcasing its appeal as a reserve asset. Genius Group’s aggressive accumulation strategy aligns with this growing trend, positioning the firm as a significant player in the cryptocurrency market.
