This news is based on a press release statement and does not constitute financial advice or an endorsement of Genius Group's investment strategy or financial performance. Investors are advised to consider this information alongside other disclosures and financial statements provided by the company. For a deeper understanding of GNS's financial health and market position, InvestingPro subscribers can access 15+ additional ProTips and exclusive financial metrics that provide crucial insights for informed investment decisions. For a deeper understanding of GNS's financial health and market position, InvestingPro subscribers can access 15+ additional ProTips and exclusive financial metrics that provide crucial insights for informed investment decisions. This acquisition increases the company's Bitcoin Treasury to 319.4 Bitcoin, totaling $30 million at an average price of $93,919 per Bitcoin. This purchase follows the company's November 12 announcement of its strategy to commit over 90% of its reserves to Bitcoin, aiming for a $120 million investment in the cryptocurrency.
The company has reached 25% of its initial Bitcoin target ahead of schedule, a milestone that aligns with its aggressive investment strategy. To measure the success of this strategy, Genius Group has adopted BTC Yield as a Key Performance Indicator (KPI). BTC Yield reflects the percentage change in the ratio of the company's Bitcoin holdings to its Assumed Diluted Shares Outstanding. With a BTC Yield of 1,649% for Q4 2024, the company considers this a significant achievement in its Bitcoin Treasury strategy.
Funding for the Bitcoin purchases has come from a mix of the company's cash reserves, its At-the-Market (ATM) offerings, and a $10 million Bitcoin loan from Arch Lending. As of December 29, 2024, the market value of Genius Group's Bitcoin Treasury was $30.4 million, based on a Bitcoin price of $95,060. This valuation gives the company a BTC / Price ratio of 75%, which compares the market value of the Bitcoin Treasury to the company's market capitalization of $40.6 million.
This news is based on a press release statement and does not constitute financial advice or an endorsement of Genius Group's investment strategy or financial performance. Investors are advised to consider this information alongside other disclosures and financial statements provided by the company. For a deeper understanding of GNS's financial health and market position, InvestingPro subscribers can access 15+ additional ProTips and exclusive financial metrics that provide crucial insights for informed investment decisions. Dama points to a 177% growth in the company's net asset value to $54.6 million in the first half of 2024, which exceeds its market cap. The company has committed to more frequent reporting of its Bitcoin Treasury performance alongside its operating financials in 2025.
This news is based on a press release statement and does not constitute financial advice or an endorsement of Genius Group's investment strategy or financial performance. Investors are advised to consider this information alongside other disclosures and financial statements provided by the company.
In other recent news, Genius Group Limited has been actively expanding its Bitcoin holdings and integrating Bitcoin into its education initiatives. The company recently increased its Bitcoin investment by $2 million, bringing its total Bitcoin holdings to $20 million. This move aligns with Genius Group's "Bitcoin-first" strategy, targeting an initial investment of $120 million in the cryptocurrency. The company also announced the launch of the Genius Bitcoin Academy and Genius Blockchain Academy, set to introduce new courses and certifications in January 2025.
In line with its Bitcoin-focused strategy, Genius Group acquired XD Academy, a learning platform specializing in Bitcoin and Blockchain education. The acquisition aims to expand the Bitcoin Academy's faculty and course selection on Genius Group's Edtech platform. As part of its growth strategy, Genius Group reported a 130% increase in revenue for the first half of 2024, reaching $20.7 million, and a reduction in its adjusted EBITDA loss by 37%.
The company has also reshuffled its Board and Management team, appointing four new directors and an Interim CFO. CEO Roger Hamilton acquired 500,000 ordinary shares and received approval for the purchase of up to 10 million shares. These are the recent developments for Genius Group.
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