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Singapore-based edtech firm Genius Group has boosted its Bitcoin treasury to 200 BTC after buying 20 BTC last week. The AI-driven company aims to build a massive 10,000 BTC reserve within two years. The latest purchase follows a steady buying streak in July, including 20 BTC on July 2, 28 BTC on July 8, and 32 BTC on July 13. Genius Group acquired the new Bitcoin at an average price of $106,812 per BTC, up to 12% lower than the market rate, locking in an immediate profit of $216,000.
The company plans to grow its Bitcoin holdings to 1,000 BTC by the end of 2025. It also intends to leverage the newly passed GENIUS Act in the US to expand its blockchain-based education platform, Genius Academy. Students earn Genius Education Merits, or GEMs, which may later convert into a stablecoin if the company secures a permitted payment stablecoin issuer license.
Genius Group is also working toward a digital asset service provider license. The goal is to make its blockchain credentials legally recognized and enable educators and mentors to receive stablecoin payments directly to digital wallets.
