The artificial intelligence company residing in Singapore added more bitcoin to the corporate treasury after temporarily banning it.
On May 22nd advertisementGenus Group explained that it had appealed Bitcoin’s accumulation (BTC) after a favorable ruling from the American Court of Appeal. This is followed by Genius Group temporarily prevented Bitcoin’s wardrobe after it was prevented by an American court from selling shares, collecting money and using the investor’s money to buy more BTC.
Genus Group has announced that it has increased Bitcoin 40 % with a purchase of 24.5 BTC, at a value of about $ 2.7 million. The company now owns 85.5 BTC obtained for a total amount of $ 8.5 million, at a rate of 99,700 dollars per currency.
“We are pleased to be able to start the task of rebuilding the value of shareholders from the damage caused by legal procedures for third parties, and our plan for 2025,” said Roger Hamilton, CEO of the company, Roger Hamilton.
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Long -term commitment
Hamilton said that the genius group “is committed to educating students in ABCS in the future: artificial intelligence, bitcoin and society.” He claimed that the company is preparing for the world for the next digital workforce and the digital economy, adding:
“Building Bitcoin wardrobe is a major part of that plan.”
Genus Group was listed on the New York Stock Exchange (NYSE) with the maximum current market of $ 24.34 million. Google Financing Data He explains that the shares of the company are traded in less than half of the value that it was at the beginning of the year, at $ 0.34 at the time of writing this report, as it decreased more than 8 % on the last trading day from $ 0.41.
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Many of the following companies in the footstere of Microstrategy
Through Bitcoin’s accumulation, Genius Group follows Bitcoin Treasury Compley Bitcoin Treading in the world, previously known as Microstrategy. The strategy now maintains more than 2 % of the total bitcoin that will be created at all and continues to buy more. The company acquired nearly $ 765 million in Bitcoin last week.
Genius Group is not the only company that follows in the footsteps of the strategy. Earlier this month, Tamoyeh headquarters in Bahrain has adopted a market roof of $ 24.2 million strategic for the Bitcoin Ministry in partnership with the 10x Capital Investment Company.
Also this month, Top Winkery Top Winkery has increased by more than 60 % in pre -market trade after the company said it will adopt bitcoin accumulation and change its name to Asiastrategy.
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