{"id":145803,"date":"2024-12-31T13:00:05","date_gmt":"2024-12-31T11:00:05","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=145803"},"modified":"2024-12-30T22:45:56","modified_gmt":"2024-12-30T20:45:56","slug":"genius-group-boosts-bitcoin-holdings-to-30-million","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/genius-group-boosts-bitcoin-holdings-to-30-million\/","title":{"rendered":"Genius Group Boosts Bitcoin Holdings to $30 Million"},"content":{"rendered":"

This<\/a> <\/strong>is part of the company\u2019s strategy to allocate over 90% of its reserves into Bitcoin<\/a><\/strong>. Since unveiling this approach in November 2024, Genius has already invested 25% of its $120 million target, purchasing Bitcoin at an average price of $93,919 per coin.<\/p>\n

The company used cash reserves, ATM sales, and a $10 million loan from Arch Lending to fund the purchase. CEO Roger Hamilton expressed satisfaction with the Bitcoin strategy\u2019s progress and its positive impact on shareholder value.<\/p>\n

Genius has introduced BTC Yield as a performance metric, reporting a 1,649% BTC Yield in its Q4 2024 report. At the end of December, its Bitcoin holdings were valued at $30.4 million, with a market cap of $40.6 million.<\/p>\n