Genius Group, a publicly traded education company driven by artificial intelligence (AI) technology, announced yesterday (12th) that the company will adopt a global BTC priority strategy, incorporating BTC into its primary reserve assets. (Background: BTC surged by 10% to a new high of $89,000! MicroStrategy again increased the position by 27,000 BTC, and stock price soared) (Context: MicroStrategy's perfect practice in profiting from BTC! Floating profit has exceeded 10 billion RMB, Michael Saylor hints at 'further increasing the position') Thomas Power, a director of Genius, said: 'We fully endorse MicroStrategy and its founder Michael Saylor's approach of using BTC as the company's reserve assets. We believe that through the BTC priority strategy, we will be one of the first publicly traded companies to fully embrace BTC and bring benefits to shareholders.' Ian Putter, another director of Genius Group, also stated: 'We intend to invest all future earnings and raised funds into BTC, and build a large reserve to strengthen the balance sheet and enhance the Return on Investment for shareholders.' This year, the $MSTR treasury operations achieved a BTC Yield of 26.4%, providing a net benefit of approximately 49,936 BTC to our shareholders. This is equivalent to acquiring 157.5 BTC per day without the operational costs or capital investments typically associated with bitcoin mining. Metaplanet, a Japanese company, saw its stock price surge by 10 times this year. In addition, Metaplanet, a publicly traded company known as the MicroStrategy of Japan, has also been continuously buying BTC as a corporate asset since April this year. As of the end of October 2024, the company has held 1,018.17 BTC, with an average purchase price of approximately $61,552 per BTC. With BTC hitting historical highs multiple times recently, the company's BTC investment has also been profitable. Similarly, benefiting from BTC investment, Metaplanet's stock price has also surged this year. According to Google Finance data, Metaplanet has risen by 1,067% so far this year, with a Market Cap of 67.749 billion Japanese yen.
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MicroStrategy Effect》Singapore AI education company Genius will invest 90% of its funds in BTC: Implementing BTC priority strategy
Genius Group, a publicly traded education company driven by artificial intelligence (AI) technology, announced yesterday (12th) that the company will adopt a global BTC priority strategy, incorporating BTC into its primary reserve assets. (Background: BTC surged by 10% to a new high of $89,000! MicroStrategy again increased the position by 27,000 BTC, and stock price soared) (Context: MicroStrategy's perfect practice in profiting from BTC! Floating profit has exceeded 10 billion RMB, Michael Saylor hints at 'further increasing the position') Thomas Power, a director of Genius, said: 'We fully endorse MicroStrategy and its founder Michael Saylor's approach of using BTC as the company's reserve assets. We believe that through the BTC priority strategy, we will be one of the first publicly traded companies to fully embrace BTC and bring benefits to shareholders.' Ian Putter, another director of Genius Group, also stated: 'We intend to invest all future earnings and raised funds into BTC, and build a large reserve to strengthen the balance sheet and enhance the Return on Investment for shareholders.' This year, the $MSTR treasury operations achieved a BTC Yield of 26.4%, providing a net benefit of approximately 49,936 BTC to our shareholders. This is equivalent to acquiring 157.5 BTC per day without the operational costs or capital investments typically associated with bitcoin mining. Metaplanet, a Japanese company, saw its stock price surge by 10 times this year. In addition, Metaplanet, a publicly traded company known as the MicroStrategy of Japan, has also been continuously buying BTC as a corporate asset since April this year. As of the end of October 2024, the company has held 1,018.17 BTC, with an average purchase price of approximately $61,552 per BTC. With BTC hitting historical highs multiple times recently, the company's BTC investment has also been profitable. Similarly, benefiting from BTC investment, Metaplanet's stock price has also surged this year. According to Google Finance data, Metaplanet has risen by 1,067% so far this year, with a Market Cap of 67.749 billion Japanese yen.