Genius Group Stock Soars After Embracing Bitcoin as Primary Treasury Asset

The AI firm plans to allocate 90% of its reserves to Bitcoin, inspired by MicroStrategy's strategy.

Genius Group has announced it will invest $120 million in Bitcoin to serve as its main treasury reserve.
The company's stock surged by 79% following the announcement, despite being down 82% for the year.
The decision comes after a board restructuring to include experts in crypto and Web3 technologies.
The move follows a trend set by MicroStrategy, which holds a significant Bitcoin reserve.
Bitcoin's recent price surge, influenced by geopolitical events, has reinforced its appeal as a reserve asset.