Genius Group hikes Bitcoin purchases by additional $4M

seekingalpha
21 Nov 2024

Jay Yuno/E+ via Getty Images

  • Genius (NYSE:GNS) said it has upped its Bitcoin (BTC-USD) purchases for its Bitcoin Treasury by an additional $4 million to 153 Bitcoin for $14 million.
  • The purchases were made at an average price of $91,372 apiece.
  • The firm has also set a specific initial target of purchasing an initial $120 million in Bitcoin for its Bitcoin Treasury, as part of its Bitcoin 10 step plan.
  • The move comes at a time when Bitcoin (BTC-USD) has seen a massive surge in its prices, especially after Donald Trump's win in the U.S. presidential election. The cryptocurrency is currently at $97.5K.

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