Singapore-headquartered edtech firm Genius Group has doubled its Bitcoin holdings to 200 BTC after acquiring 20 BTC last week, part of a wider strategy to build a 10,000-BTC treasury.
Key Takeaways:
Genius Group increased its Bitcoin holdings to 200 BTC in July. The boost is part of a long-term 10,000-BTC treasury plan. The company is building a blockchain-based learning platform backed by satoshi-linked tokens called GEMs.The latest purchase, announced Tuesday, was made at an average price of $106,812 per BTC, significantly below the market range of $117,000 to $120,600 that day, per Nansen data.
The $2.14 million acquisition brought Genius Group’s total Bitcoin reserve to $2.35 million in value at the time of writing, with an unrealized gain of $216,000.
Genius Group Makes Fourth Bitcoin Purchase in July
It’s the company’s fourth purchase this month, following acquisitions of 20 BTC on July 2, 28 BTC on July 8, and 32 BTC on July 13, according to BitcoinTreasuries.NET.
Genius Group aims to scale its holdings to 1,000 BTC by the end of 2025, eventually hitting 10,000 BTC over two years.
The initiative is supported by U.S. legislative developments, particularly the Government Evaluation of New Innovations in the United States (GENIUS) Act, which the firm says will enable the expansion of its blockchain-based learning ecosystem.
Part of that ecosystem is Genius Academy, a blockchain-powered platform where students earn Genius Education Merits (GEMs), tokens equivalent to one satoshi.
Though not currently convertible to fiat or crypto, GEMs function like airline points and may become part of a stablecoin system pending regulatory approvals.
The company is pursuing a Permitted Payment Stablecoin Issuer (PPSI) license and a separate Digital Asset Service Provider (DASP) license.
The licenses would allow Genius Group to tokenize GEMs into a usable digital currency within its platform and facilitate stablecoin payments to educators and partners.
It also plans to develop on-chain course certifications recognized as regulated digital assets, granting educators blockchain-based IP rights.
Genius Group’s broader vision includes real-world integration: retreats and accelerators where participants can pay using GEMs or the future stablecoin for services like lodging and meals.
Ethereum Poised to Gain Most From GENIUS Act
Meanwhile, Ethereum stands to benefit most from the GENIUS Act, according to Ether Machine CEO Andrew Keys, who noted that “90% of tokenized assets and stablecoins are deployed on Ethereum.”
He likened Ethereum’s dominance in tokenization to Google’s in internet search, citing its infrastructure’s role in making the stablecoin ecosystem possible.
Public companies are increasingly adding altcoins like Ether (ETH), Solana’s SOL, and XRP to their treasury strategies, according to a report from Animoca Brands Research.
Michael Saylor’s Strategy popularized this model by holding over 600,000 Bitcoins as a hedge against inflation and currency devaluation.
Just recently, BIT Mining announced plans to raise between $200 million and $300 million to build a Solana (SOL) treasury as part of a broader expansion into the fast-growing blockchain ecosystem.
Last week, DeFi Development Corp. revealed that it has acquired $2.7 million worth of Solana as part of its aggressive crypto treasury strategy.
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