Genius Group, an AI-powered training group, has introduced that it plans to undertake a “Bitcoin-first” funding method. In a press launch, the corporate shared that it plans to make use of Bitcoin as its main treasury reserve asset. This transfer aligns completely with the present development of public corporations integrating cryptocurrencies, particularly Bitcoin, into their reserve property.
In keeping with the announcement, the agency plans to carry 90% or extra of its present and future reserves in $BTC. This underscores the corporate’s robust perception in Bitcoin’s long-term worth.
Genius Group’s transfer got here after the current reorganization of its board, which now consists of Web3 and blockchain consultants. Consistent with the “Bitcoin-first technique,” the agency goals to promote $120 million shares and use the funds to buy Bitcoin. It will strengthen the corporate’s monetary place and permit it to make the most of $BTC as a digital retailer of worth.
Instructional Growth And Adoption of Bitcoin
Genius Group’s new technique is just not constrained to treasury administration. The corporate plans to combine Bitcoin into its instructional choices and technological infrastructure. It should achieve this by launching a Web3-based training collection named “Web3 Wealth Renaissance.” The collection will equip college students with the expertise and know-how wanted to navigate decentralized applied sciences.
By selling web3-based training, Genius Group will place itself as a pacesetter within the EdTech sector. Moreover, the corporate is taking the initiative to permit Bitcoin funds in its EdTech platform. This function will present platform customers, together with college students and shareholders, entry to broader fee choices, thus benefiting from decentralized finance.
In keeping with Thomas Powers, the Director at Genius Group, “the corporate is targeted on educating college students for the exponential applied sciences of the long run. We see Bitcoin as the first worth retailer that can energy these exponential applied sciences. The compelling case that we consider Michael Saylor and Microstrategy have made for public firms to spend money on Bitcoin as their main treasury reserve asset is one which we totally endorse.”
Primarily based on his feedback, Thomas strongly believes that Bitcoin and cryptocurrencies usually have ushered in a new monetary period. By way of their Bitcoin-first technique, Genius Group goals to hitch in on the transition.
Genius Group to Maintain A Podcast To Talk about Their New Technique
Genius Group plans to carry a GeniusLIVE podcast on Tuesday, November 19, 2024, from 9 a.m. ET to realize additional perception into its Bitcoin-first technique. The podcast will function Thomas Energy (Director at Genius Group), Roger Hamilton (CEO at Genius Group ), and Ian Putter (Director at Genius Group).
