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Genius Group's Bitcoin treasury increases by 52% as the target of 1,000 BTC is reconfirmed.
The AI education company Genius Group ( in Singapore ) has increased its Bitcoin holdings by 52%, purchasing an additional 34 BTC in the past month, bringing the total to 100 BTC with a value of over 10 million USD.
This move comes after the company received a favorable ruling from the U.S. Court of Appeals, lifting the previous ban on investing in Bitcoin. Genius Group aims to accumulate 1,000 BTC for its corporate reserves. Previously, on March 13, the New York District Court issued a temporary restraining order related to the merger deal between Genius Group and Fatbrain AI, while also prohibiting the company from buying additional Bitcoin. The company resumed BTC purchases on May 22 with an investment of 2.7 million USD, amid growing interest from organizations in cryptocurrency as part of a long-term financial strategy.