Genius Group, a Singapore-based artificial intelligence education company, expanded its corporate Bitcoin treasury by more than 50% amid increasing institutional adoption of the world’s first cryptocurrency.
Despite a previous ban on the Nasdaq-listed firm’s corporate accumulation, Genius Group increased its Bitcoin (BTC) treasury by 52%, acquiring an additional 34 BTC during the past month.
This brings the firm’s corporate holdings to 100 BTC, purchased for a total of over $10 million at an average price of $100,600 per Bitcoin, according to a Monday announcement.
The acquisitions are part of the AI firm’s strategy to acquire 1,000 BTC for its corporate treasury.
Related: Amazon to invest $13B in Australian AI data center infrastructure
Geniuys Group resumed its Bitcoin accumulation on May 22, when it announced a $2.7 million BTC investment, after receiving a favorable ruling by the US Court of Appeals against its previous Bitcoin investment ban.
On March 13, a New York District court issued a preliminary injunction (PI) and temporary restraining order (TRO) about a dispute surrounding Genius Group’s merger with Fatbrain AI, which also barred the firm from buying more Bitcoin.
Related: Bitcoin nears new high as Trump says US-China trade ‘deal is done’
Genius Group among the “first” Bitcoin Treasury firms “legally prevented” from buying BTC: CEO
“We launched our Bitcoin Treasury in November 2025, and believe we were one of the first Bitcoin Treasury companies on the New York Stock Exchange (NYSE) American,” wrote Roger Hamilton, CEO of Genius Group, adding:
“We also believe that subsequent to our announcement, we were one of the only companies legally prevented from buying Bitcoin by a US court.”
Hamilton added that he is “pleased to have regained the right to manage our company’s capital in the way our Board and shareholders see fit,” reiterating the firm’s goal of amassing 1,000 BTC.
Increasingly, more companies are adopting Bitcoin as a reserve asset for their corporate strategies. On June 13, video game giant GameStop upsized its private convertible note offering to $2.25 billion, signaling a deeper commitment to its Bitcoin treasury.
The financing round comes two weeks after GameStop announced the purchase of 4,710 Bitcoin valued at about $513 million on May 28, making the firm the 11th largest corporate BTC holder, Bitbo data shows.
Magazine: Will Bitcoin tap $119K if oil holds? SharpLink buys $463M ETH: Hodler’s Digest, June 8 – 14
