PANews reported on January 10 that artificial intelligence company Genius Group (NYSE American: GNS) announced that its Bitcoin reserves increased by $5 million, reaching 372 Bitcoins, with a total value of $35 million, and the average purchase price was $94,047 per Bitcoin. This amount accounts for 30% of the company's initial Bitcoin reserve target of $120 million, and the planned progress was completed ahead of schedule.
Genius Group, which has a market value of $42 million and 83% of its Bitcoin reserves, has also increased its cryptocurrency loan limit on Arch Lending from $10 million to $14 million, with a loan-to-value ratio of 40%.
In addition, Genius Group approved a founder compensation plan with the goal of achieving a $1 billion market value in the next 10 years and driving Bitcoin reserves to $1 billion in net assets.
Genius Group is an education group focused on a "Bitcoin First" strategy, using artificial intelligence technology to provide personalized education and acceleration solutions for individuals, businesses and governments, serving 5.4 million users in more than 100 countries around the world.
