Highlights:
- Genius Group expands its Bitcoin holdings to 319.4 BTC, valued at $30M.
- The company reported a 1,649% BTC Yield in Q4 2024.
- Genius Group is 25% closer to its $120M Bitcoin investment target.
Genius Group, an AI-based education company, revealed that it has added $10 million worth of Bitcoin to its treasury. This increases the overall company’s Bitcoin assets to 319.4 BTC worth $30 million. The transactions were made at an average of $93,919 per Bitcoin.
The company started with its “Bitcoin-first” approach only six weeks ago, investing more than 90% of its assets in Bitcoin. Its initial fund raising target was $120 million. According to the company’s plan, the Genius Group had to realize this target of 75% before the end of the year, and by the 30th of December, it had managed to achieve 25% of this target before the set time.
To finance the purchases, the company used cash and cash equivalents, At-the-Market equity offerings, and a $10 million crypto assets-backed loan from Arch Lending.
JUST IN: Publicly traded AI firm Genius Group buys additional $10 million #Bitcoin pic.twitter.com/DYtC2uJRNR
— Bitcoin Magazine (@BitcoinMagazine) December 30, 2024
BTC Yield Surges to 1,649% in Q4
Genius Group also introduced a new key performance indicator for the Bitcoin Treasury, which is the BTC Yield. This metric measures the percentage change in the Bitcoin holdings in comparison with shares outstanding to demonstrate the value addition to shareholders.
By the end of Q4 2024, the company generated a BTC Yield of 1,649% starting from the first Bitcoin purchase in November. This success can be attributed to acquisition as well as sound financial management.
Genius Group’s CFO, Gaurav Dama, pointed out that the company has a 75% BTC to market cap. This ratio is the market value of Bitcoin holdings to the company’s market capitalization of $40.6 million. Dama mentioned that the ratio is much higher than the corresponding industry averages, which can mean that the company’s stock is undervalued.
Market Value and Future Plans
The company’s Bitcoin Treasury was at $30.4 million on December 29, considering the price of a Bitcoin at $95,060. The net asset value of the Genius Group increased by 177% and was $54.6 million in the first half of 2024.
Although its Bitcoin value was efficient, Genius Group’s stock was at $0.64, which was beneath its asset valuation. CEO Mr. Roger Hamilton maintained the idea of enhancing shareholder wealth through further investments. The company intends to scale up the purchases of Bitcoin without jeopardizing its financial health.
As a result, Genius Group will disclose the performance of the Bitcoin Treasury on a quarterly basis together with financial performance starting in 2025. These measures are designed to ensure that the growth strategy of the company does not contradict the interests of shareholders.
Genius Group Acquires Bitcoin Learning Platform XD Academy
Recently, Genius Group purchased XD Academy, a Bitcoin and blockchain learning platform that was established as BitMEX Academy. XD Academy was subsequently divested as an independent company with Lawrence Linker as the founder and chief executive officer.
🚨 Breaking News: Genius Group expands its global edtech footprint with the acquisition of Bitcoin-focused XD Academy!
🔗 Read more: https://t.co/yMAixbOuwA#EdTech #BlockchainEducation #CryptoLearning #Bitcoin #GeniusGroup #TechInnovation
— Genius Group Ltd (@GeniusGroupLtd_) December 7, 2024
The package comes with such courses as “The Economics of Bitcoin” by Saifedean Ammous and “Building Your Investment Thesis” by Arthur Hayes. Genius Group aims to incorporate these resources into its decentralized education network powered by Artificial Intelligence.
Lawrence Linker will assist in developing the Bitcoin Academy. The platform will feature AI tutors, on-chain Genius Education Merits (GEMs), and certifications built on the Lightning Network to enhance learning.
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