Genius Group has recently reshuffled its board with crypto and Web3 execs and is now targeting to hold $120 million in Bitcoin.
Artificial intelligence firm Genius Group Limited surged 66% in a day after committing to a MicroStrategy-emulating “Bitcoin-first” strategy — which will see the cryptocurrency become its primary treasury asset.
The play will involve committing 90% or more of the company’s current and future reserves to be held in Bitcoin (BTC), starting with a $150 million at-the-market (ATM) offering to acquire an initial target of $120 million in Bitcoin.
Genius Group said on Nov. 12 that it will also enable Bitcoin payments for its “EdTech” platform and launch a Web3 education series for students to learn about Bitcoin and other cryptocurrencies.