Genius Group Resumes Bitcoin Reserve Expansion Following Court Decision

According to PANews, Genius Group, an AI education company listed on NYSE American under the ticker GNS, has resumed its efforts to build a Bitcoin reserve after a U.S. appeals court lifted a previous injunction. The company recently increased its holdings by 24.5 BTC, bringing its total to 85.5 BTC, with a total cost of $8.5 million and an average price of $99,700 per Bitcoin. This marks a 40% increase in their Bitcoin holdings. Genius Group has reaffirmed its commitment to reaching a target of 1,000 BTC by November 2024. In February 2025, the company held 440 BTC but was forced to sell most of its holdings between February 14 and May 6 due to a temporary court order. In response, Genius Group has filed a revised RICO lawsuit in the Southern District of Florida. The company plans to launch a Bitcoin Academy by the end of May, featuring notable figures such as Saifedean Ammous, author of "The Bitcoin Standard." CEO Roger Hamilton emphasized that rebuilding the Bitcoin reserve is a crucial part of the company's 2025 development strategy, aimed at advancing AI, Bitcoin, and community education.