PANews reported on November 12 that Genius Group, an artificial intelligence education institution headquartered in Singapore, announced that it has officially adopted the "Bitcoin First" strategy and will use Bitcoin as its main financial reserve asset. The company's board of directors approved investing more than 90% of existing and future reserves in Bitcoin, and plans to acquire $120 million in Bitcoin for long-term holding through $150 million in ATM funds. In addition, the company will globally support Bitcoin payments on its Edtech platform and launch the Web3 Wealth Renaissance Education Series to help students gain a deep understanding of Bitcoin and blockchain technology.
Genius Group's board of directors approves 'Bitcoin First' strategy, commits to investing more than 90% of reserves in Bitcoin
Share to:
Author: PA一线
This content is for informational purposes only and does not constitute investment advice.
Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
PA一线2024-11-12 13:39
PANews2024-11-12 13:36PA一线2024-11-12 13:28
$4.3 billion settlement: The CZ era ends, and Binance moves closer to compliance
In the early morning of November 22, Beijing time, the Ministry of Justice held a press conference to announce Binance’s settlement. Binance agreed to criminal charges and paid a fine of $4.3 billion. CZ resigned and Richard Teng will take over as Binance CEO.
Cycles as Friends: 2023 Review and 2024 Outlook
After the ups and downs of 2023, the crypto industry is finally ushering in a special year - 2024, when the fourth halving of Bitcoin will take place.
Beyond digital gold: BRC-20 and inscriptions, opening a new chapter for Bitcoin
The old tree is blooming with new flowers, and the Bitcoin ecosystem is becoming the focus of the whole scene. Ordinals, BRC-20, ORC-20... New terms are emerging one after another. How to explore this newly opened "holy land"? PANews has launched the special topic "Old Trees Blooming with New Flowers: From 0 to 1, a Complete Explanation of Bitcoin Ecology" to interpret the "new era" of Bitcoin for you.
New Project Selection: Capturing the New Web3 Narrative
Web3 is entering an era of great development, with new projects emerging continuously. This special topic collects, organizes, and screens these new projects, hoping that readers can capture new narratives from them.
Bitcoin spot ETF: Once the old money channel is opened, will the bull market carnival follow?
Traditional financial institutions are scrambling to apply for Bitcoin spot ETFs. Is Wall Street about to enter the market in a big way?
Web3 beginners knowledge: How to get started with zero foundation?
Blockchain knowledge popularization