Genius Group Limited, an AI-driven education technology firm based in Singapore, saw its stock climb 66.4% on November 12, closing at $1.05 and reaching $1.71 in after-hours trading. The surge followed the company’s announcement of a strategic shift to make Bitcoin its primary treasury asset.
The "Bitcoin-First" Strategy
Inspired by MicroStrategy, a software company known for adopting a Bitcoin-centric treasury strategy, Genius Group has outlined plans to invest 90% or more of its current and future reserves in Bitcoin. This shift begins with a $150 million at-the-market (ATM) offering, aiming to acquire an initial target of $120 million in Bitcoin.
Expanding Payment Options and Web3 Education
In addition to Bitcoin acquisition, Genius Group will enable Bitcoin payments on its education platform and introduce a Web3-focused curriculum to educate students about Bitcoin, blockchain, and other digital assets.
Statements from Leadership
Genius Group Director Thomas Power expressed strong support for the approach popularized by MicroStrategy CEO Michael Saylor. Power noted, “We believe that through our Bitcoin-first strategy, we will be one of the first U.S. NYSE-listed companies to fully adopt MicroStrategy’s Bitcoin strategy for the benefit of our shareholders.”
Background and Company Vision
Founded in 2002, Genius Group went public on the New York Stock Exchange in 2022. Its AI-driven educational platform spans primary, secondary, and higher education, as well as corporate and government sectors. The recent reorganization of Genius Group’s board, including blockchain and Web3 experts, reflects the company's focus on digital asset integration.
Embracing Exponential Technologies
Power added that this strategic shift aligns with Genius Group’s vision to prepare students for "the exponential technologies of the future,” describing Bitcoin as “the primary store of value that will power these exponential technologies.”
Joining the Bitcoin Treasury Movement
Genius Group’s move aligns with an industry trend as more companies add Bitcoin to their reserves. This positions the firm alongside early adopters like MicroStrategy, which currently holds over 279,420 Bitcoins.
