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- Genius Group expands Bitcoin treasury with strategic purchases, advancing institutional adoption of crypto for corporate reserves.
- Boyaa Interactive converts ETH to BTC, highlighting growing corporate integration of digital assets into financial strategies.
Genius Group Limited has integrated Bitcoin into its financial framework, purchasing an extra $1.8 million in Bitcoin, increasing its total holdings to 174 BTC, worth around $15.8 million.
With this action, the company emphasizes its dedication to its “Bitcoin-first” approach, which seeks to dedicate over 90% of its holdings to Bitcoin. The company’s goal to finally own $120 million in Bitcoin mirrors a larger institutional adoption trend as businesses see the digital asset as a feasible treasury alternative more and more.
📰 UPDATE: GENIUS GROUP EXPANDS BITCOIN TREASURY WITH ADDITIONAL $1.8M PURCHASE, TAKING ITS TOTAL HOLDINGS TO 174 $BTC ~ $15.8M
— BSCN Headlines (@BSCNheadlines) December 2, 2024
Strategic Moves and Educational Initiatives in Bitcoin Adoption
Along with improving Genius Group’s financial situation, our most recent purchase makes a powerful statement to the institutional sector. The company is projecting itself as a forward-looking participant in a competitive market by giving Bitcoin top priority above traditional assets.
The choice to commit such a large amount of its reserves to Bitcoin reflects a rising opinion among institutions that digital assets are not just strategic tools for long-term value retention and growth but also speculative investments.
Genius Group started its Bitcoin buying adventure earlier this year with an initial acquisition of 110 BTC valued at $10 million and then later bought 43 BTC for $4 million. These intentional, small purchases draw attention to the company’s methodical approach to including Bitcoin into its treasury.
Apart from these acquisitions, Genius Group has started instructional programs, including a series on Bitcoin and blockchain meant to help other companies implementing the same tactics.
Such actions have consequences outside of Genius Group. As more businesses adopt this approach, the overall impact might be a notable increase in Bitcoin demand, therefore lowering its market supply and maybe influencing pricing.
This pattern reflects the behavior of early adopters such as MicroStrategy, who established a standard for reserve asset use of Bitcoin. Bitcoin’s story as digital gold and a counterpoint against conventional financial risks gets more support with every new institutional entrance.
Besides that, CNF has revealed that Boyaa Interactive recently changed 14,200 ETH to 515 BTC, therefore supporting its leadership role as a crypto investor. The company owns 3,183 BTC right now.
