365int
AI Education Firm Boosts BTC Holdings
Singapore-based Genius Group just pumped up its Bitcoin bag by 52%. The Nasdaq-listed company now holds 100 BTC worth over $10 million.
Why the Sudden Jump?
They were blocked from buying Bitcoin by a U.S. court—ouch. But after a legal green light on May 22, they threw in $2.7M and grabbed 34 more BTC.
Big Plans: 1,000 BTC or Bust
CEO Roger Hamilton says their goal is 1,000 BTC. He’s glad to have the court off their back so they can invest as they want.
Not Alone in the Bitcoin Game
GameStop just scooped up 4,710 BTC for over $500M. Looks like BTC is the new boardroom favorite.
BTC = Bitcoin. Treasury = company’s financial stash. TRO = temporary restraining order. PI = preliminary injunction.
