Singapore-based AI-powered edtech firm Genius Group has added 20 more Bitcoin to its treasury, doubling its BTC holdings within a month as part of its long-term goal to amass a 10,000-BTC reserve.
In a Tuesday announcement, the company revealed it purchased 20 BTC on Friday, bringing its total holdings to 200 BTC. During the acquisition, Bitcoin was trading between $117,000 and $120,600, according to Nansen data.
Genius Group said it acquired the Bitcoin at an average price of $106,812 per BTC — roughly 9.5% to 12.9% below market value. The total cost of the purchase was $2.14 million, while the market value of the BTC is now around $2.35 million, yielding an unrealized profit of $216,000, or approximately 9.8%.
The company did not respond to Cointelegraph’s request for clarification on how it managed to buy BTC at such a discount.
This latest acquisition follows a series of purchases earlier in July. Genius Group bought 20 BTC on July 2, 28 BTC on July 8, and 32 BTC on July 13, according to data from BitcoinTreasuries.NET.
Singapore-based AI-powered edtech firm Genius Group has added 20 more Bitcoin to its treasury, doubling its BTC holdings within a month as part of its long-term goal to amass a 10,000-BTC reserve.
In a Tuesday announcement, the company revealed it purchased 20 BTC on Friday, bringing its total holdings to 200 BTC. During the acquisition, Bitcoin was trading between $117,000 and $120,600, according to Nansen data.
Genius Group said it acquired the Bitcoin at an average price of $106,812 per BTC — roughly 9.5% to 12.9% below market value. The total cost of the purchase was $2.14 million, while the market value of the BTC is now around $2.35 million, yielding an unrealized profit of $216,000, or approximately 9.8%.
The company did not respond to Cointelegraph’s request for clarification on how it managed to buy BTC at such a discount.
This latest acquisition follows a series of purchases earlier in July. Genius Group bought 20 BTC on July 2, 28 BTC on July 8, and 32 BTC on July 13, according to data from BitcoinTreasuries.NET.
Tokenized Merit-Based Rewards and Stablecoin Plans
Genius Group announced that the GENIUS Act will support the expansion of Genius Academy, its blockchain-based education platform. The academy rewards learners with Genius Education Merits (GEMs), each pegged to the value of one Satoshi (one hundred millionth of a Bitcoin).
GEMs function similarly to airline miles—they can be earned and redeemed within the platform but cannot currently be exchanged for fiat currency or other cryptocurrencies. However, if Genius Group secures a PPSI license, it plans to convert GEMs into a stablecoin that can be used as digital currency throughout its ecosystem.
At present, the company pays educators, mentors, and partners via traditional financial channels. With the PPSI license, Genius Group aims to enable direct stablecoin payments to digital wallets, streamlining compensation within its network.
The company is also developing blockchain-based courses and certifications. If approved as a Digital Asset Service Provider (DASP), Genius Group says these credentials would be recognized as regulated digital assets, granting educators blockchain-backed intellectual property rights.
Additionally, Genius Group plans to host in-person accelerator programs and retreats, where participants could use GEMs or the upcoming stablecoin to pay for accommodations, meals, entertainment, and other services.
GENIUS Act Poised to Boost Ethereum Ecosystem
The GENIUS Act establishes a national regulatory framework for stablecoin issuers, requiring full one-to-one asset backing, banning unbacked algorithmic stablecoins, and enforcing compliance with Anti-Money Laundering (AML) regulations. It also grants stablecoin holders senior creditor status in the event of issuer insolvency.
Andrew Keys, CEO of the newly launched yield-bearing Ether fund Ether Machine, believes Ethereum stands to gain the most from the GENIUS Act. In a Monday interview with CNBC, Keys emphasized that Ethereum’s infrastructure is uniquely suited for asset tokenization, including stablecoins, positioning it as the primary beneficiary of the new legislation.
“The biggest winner from the GENIUS Act is Ethereum, since the majority of stablecoins are built and deployed on its network,” said Keys.
He further noted that Ethereum is exhibiting “power law dynamics,” pointing out that nearly 90% of all tokenized assets and stablecoins reside on the Ethereum blockchain—comparable to how the vast majority of internet searches are conducted through Google.
