Catenaa, Tuesday, May 27, 2025-Genius Group, a Singapore-based artificial intelligence firm, has resumed its Bitcoin accumulation after a US court lifted restrictions that had temporarily blocked its ability to raise funds and invest in digital assets.
The company announced Thursday 22, that it had purchased an additional 24.5 Bitcoin worth approximately $2.7 million, increasing its total holdings by 40% to 85.5 BTC.
The latest acquisition brings its Bitcoin treasury to a valuation of $8.5 million, with an average purchase price of $99,700 per coin.
Genius Group had been restricted by a US court order that barred it from selling shares or using investor funds to expand its Bitcoin holdings.
That injunction has now been overturned by the US Court of Appeals, allowing the company to re-enter the cryptocurrency market.
CEO Roger Hamilton said the move marks a step toward recovering shareholder value impacted by the legal action. He added that building the firm’s Bitcoin treasury is central to its 2025 roadmap, which also includes advancing digital education in artificial intelligence and blockchain.
“We are committed to educating students on AI, Bitcoin and Community — the ABCs of the future,” Hamilton said in a company statement.
Genius Group trades on the New York Stock Exchange and currently has a market capitalization of $24.34 million. Its stock closed Thursday at $0.34, down over 8% from the prior day.
