Genius Group Bitcoin treasury grows 52% as 1,000 BTC goal reaffirmed

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Why Genius Group is Hoarding Bitcoin Like It’s the Last Slice of Pizza 🍕

In a twist that could only be described as delightfully absurd, Genius Group, a company based in the land of perpetual humidity and hawker centers—Singapore—has decided to expand its corporate Bitcoin treasury by a staggering 52%. Yes, you heard that right! They’re diving headfirst into the world’s first cryptocurrency like a cat into a bathtub. 🐱💦

Now, you might be wondering how a Nasdaq-listed firm could possibly accumulate Bitcoin after being told “no” by the powers that be. Well, it turns out that Genius Group has managed to snag an additional 34 BTC over the past month, bringing their total to a neat 100 BTC. That’s over $10 million spent at an average price of $100,600 per Bitcoin. Talk about a shopping spree! 🛒💸

But wait, there’s more! This is all part of their grand plan to amass a whopping 1,000 BTC for their corporate treasury. Because why not aim for the stars when you can aim for the moon and then some? 🌕✨

Genius Group resumed its Bitcoin accumulation on May 22, after a delightful little ruling from the US Court of Appeals that lifted their previous ban. It’s like getting a second chance at a game you thought you lost—only this time, the stakes are a bit higher than Monopoly money. 🎲💰

In a plot twist worthy of a soap opera, a New York District court had previously issued a preliminary injunction and temporary restraining order regarding Genius Group’s merger with Fatbrain AI, effectively putting a stop to their Bitcoin buying spree. But fear not, dear reader! Justice has prevailed, and they’re back in the game! 🎉⚖️

Genius Group: The Unlikely Bitcoin Heroes 🦸‍♂️

According to Roger Hamilton, the CEO of Genius Group, they launched their Bitcoin Treasury in November 2025, claiming to be one of the first Bitcoin Treasury companies on the NYSE American. He added, with a hint of sarcasm:

“We also believe that subsequent to our announcement, we were one of the only companies legally prevented from buying Bitcoin by a US court.”

Ah, the irony! Hamilton expressed his delight at regaining the right to manage their company’s capital as they see fit, which is a fancy way of saying, “We’re back, baby!”

As if that wasn’t enough, more companies are jumping on the Bitcoin bandwagon. Just look at GameStop, the video game giant that recently decided to upsize its private convertible note offering to a jaw-dropping $2.25 billion. It seems they’re also getting cozy with Bitcoin, having purchased 4,710 BTC valued at about $513 million. They’re now the 11th largest corporate BTC holder, according to Bitbo data. Talk about leveling up! 🎮🚀

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2025-06-17 11:33