Genius Group (GNS) purchased 28 Bitcoin, increasing its Bitcoin Treasury by 23% to 148 Bitcoin, at an average price of $102,858. The company has achieved 113% BTC Yield since May 22, when a Preliminary Injunction preventing the company from purchasing Bitcoin was stayed by the U.S. Court of Appeals. In effect, the company has more than doubled its Bitcoin per share in the last six weeks.On July 7, the company increased by 10x its Bitcoin Treasury target from 1,000 to 10,000 Bitcoin. The company aims to achieve this target within 12 to 24 months.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GNS:
- Genius Group increases bitcoin treasury target to 10,000 bitcoin
- Genius Group Expands Bitcoin Holdings Amid Strategic Treasury Growth
- Genius Group increases bitcoin treasury 20% to 120 bitcoin
- Genius Group Appoints Kevin Malone as Board Advisor Amid Market Manipulation Lawsuit Preparations
- Genius Group board appoints Kevin Malone as board advisor