The Singapore-based artificial intelligence education company Genius Group has expanded its corporate Bitcoin reserves by over 50% against the backdrop of growing institutional adoption of the world's first cryptocurrency.
Despite previously being prohibited from corporate accumulation, the Nasdaq-listed company acquired an additional 34 Bitcoins in the past month, increasing its Bitcoin reserves by 52%.
According to an announcement released on Monday, this brings the company's corporate holdings to 100 Bitcoins, with a total purchase amount exceeding $10 million, at an average price of $100,600 per Bitcoin.
These acquisitions are part of the AI company's strategy to acquire 1,000 Bitcoins for its corporate reserves.
Genius Group resumed its Bitcoin accumulation on May 22, when it announced a $2.7 million Bitcoin investment, following a favorable ruling from a U.S. appeals court regarding its previous Bitcoin investment ban.
On March 13, a New York district court issued a preliminary injunction (PI) and temporary restraining order (TRO) regarding the dispute between Genius Group and Fatbrain AI, which also prohibited the company from purchasing more Bitcoins.
Genius Group's CEO Roger Hamilton stated, "We launched our Bitcoin reserves in November 2025 and believe we are one of the earliest Bitcoin reserve companies on the NYSE American market." He also added, "We believe we are the only company that was legally prohibited by a U.S. court from purchasing Bitcoin after our announcement."
Hamilton further expressed that he is "pleased to regain the right to manage the company's funds in a manner deemed appropriate by our board and shareholders," reiterating the company's goal of accumulating 1,000 Bitcoins.
An increasing number of companies are viewing Bitcoin as a reserve asset in their corporate strategies. On June 13, video game giant GameStop raised its private convertible note issuance to $2.25 billion, indicating a deeper commitment to Bitcoin reserves.
This round of financing occurred two weeks after GameStop announced the purchase of approximately $513 million worth of 4,710 Bitcoins, with Bitbo data showing that the company has become the 11th largest corporate holder of Bitcoin.
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Original article: “Genius Group boosts Bitcoin holdings by 52%, reaffirms 1,000 BTC goal”
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