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GeniusGroup's stock price pump22.18% yesterday, realizing a 1649% return since first buying BTC in November.
According to Yahoo Finance data, the stock price of artificial intelligence education company Genius Group (GNS) rose by 22.18% to $0.77 yesterday. Genius Group reported that its net asset value increased by 177% to over $54 million in the first half of 2024, exceeding its market value of over $40 million. The company also introduced BTC yield as a new performance indicator, achieving a yield of 1,649% since its first purchase of Bitcoin in November. (CryptoBriefing) Yesterday, Genius Group (NYSE American: GNS) announced that it has further increased its Bitcoin purchase amount in its Bitcoin treasury by $10 million, bringing the total to 319.4 Bitcoins, with a total value of $30 million and an average price of $93,919 per Bitcoin. The company announced the ‘Bitcoin First’ strategy on November 12, committing to hold 90% or more of its existing and future reserves in Bitcoin. The initial target was $120 million, and within six weeks, the company has purchased $30 million worth of Bitcoin.