According to GlobeNewswire, artificial intelligence education group Genius Group (NYSE American: GNS) has resumed the construction of bitcoin reserves after the U.S. Court of Appeals lifted the ban. The company recently increased its holdings by 24.5 BTC, bringing its current holdings to 85.5 BTC (total cost of $8.5 million, average price of $99,700 per BTC), a 40% increase from the previous one.
The company reiterated that it will continue to increase its holdings to 1,000 BTC as planned in November 2024. CEO Roger Hamilton said that rebuilding the Bitcoin Reserve is a key part of the company’s 2025 growth strategy, which aims to drive AI, Bitcoin, and community education.
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