AI Firm’s Stock Price Surges 66% Amid Bitcoin Treasury Policy

Genius Group Limited, an artificial intelligence firm, saw its stock soar by 66% after adopting a “Bitcoin-first” strategy similar to MicroStrategy’s, making Bitcoin its primary treasury asset. The company announced on Nov. 12 that it will allocate 90% or more of its reserves to Bitcoin, beginning with a $150 million at-the-market (ATM) offering to acquire an initial target of $120 million in BTC. In addition to holding Bitcoin, Genius Group will enable Bitcoin payments on its educational technology platform and launch a Web3 education series to teach students about Bitcoin and other cryptocurrencies. Genius Group’s (GNS) shares closed on Nov.

Source: CryptoIntelligence