Genius Group Limited has announced a new strategic direction, designating Bitcoin as its primary treasury reserve asset.
According to the Company, the Board of Directors has approved several measures under this new strategy:
- Committing 90% or more of current and future reserves to Bitcoin.
- Utilizing its $150 million at-the-market (ATM) facility to acquire up to $120 million in Bitcoin for long-term holding.
- Launching an educational series focused on Bitcoin and blockchain technology using its AI-powered tools.
- Enabling Bitcoin payments on its global educational technology (Edtech) platform.
Thomas Power, a Genius Group Director with experience in blockchain compliance and regulation, highlighted the Company's intention to align with strategies adopted by other firms that have integrated Bitcoin into their treasury operations.
Ian Putter, another Director with a background in blockchain research, noted that the $150 million ATM facility would be used to build a Bitcoin reserve aimed at strengthening the Company’s financial position.
As a Singapore-based entity, the Company operates under a 0% capital gains tax regime, which may provide additional flexibility in executing this strategy.
CEO Roger Hamilton addressed the Company’s past challenges, including litigation related to alleged market manipulation that reportedly impacted the share price and market capitalization.
The Company claims it is seeking damages of over $250 million in relation to these allegations. Hamilton stated that the integration of decentralized technologies is viewed as a step toward restoring market confidence.
This approach is also intended to align the share value with the Company's reported financial metrics.