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Publicly listed company Genius Group buys 110 BTC for $10 million to establish BTC reserves
Golden Finance reported that the listed company Genius Group Limited (New York Stock Exchange stock code: GNS) announced today that it has purchased 110 BTC for a total of $10 million, with an average price of $90,932 per BTC. This purchase marks the official establishment of BTC reserves for the company. It is reported that this purchase was made after the company announced its "BTC First" strategy on November 12th, which promises to hold 90% or more of its existing and future reserves in BTC form, with an initial target of $120 million worth of BTC. Today's purchase is the first in a series of ongoing purchases that the company intends to make to achieve its goal.