Genius Group Limited (NYSE American: GNS), an AI-powered education and acceleration firm, has purchased 110 Bitcoin for $10 million, averaging $90,932 per Bitcoin.

This acquisition marks the commencement of the company’s Bitcoin treasury strategy.

The company plans to allocate 90% or more of its current and future reserves to Bitcoin, with an initial target of $120 million.

This strategy aims to strengthen Genius Group’s balance sheet and enhance shareholder returns.

CEO Roger Hamilton will host a podcast on November 19 to discuss the company’s Bitcoin-first plan, featuring insights from blockchain experts Thomas Power and Ian Putter.

The session will provide guidance for other companies considering Bitcoin as a treasury reserve.

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