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Genius Group Restarts Bitcoin Buying With 10 BTC Purchase
Genius Group has resumed purchasing Bitcoin after a court injunction was lifted. The company acquired ten Bitcoin for approximately $854,000 between October 2 and October 5. This purchase marks the restart of a treasury strategy that had been temporarily halted. Previously, a preliminary injunction prevented Genius Group from issuing shares, raising funds, and buying Bitcoin. The U.S. Court of Appeals vacated this injunction on August 31. The recent acquisition of 10 BTC is a small addition compared to major corporate holders. However, it signifies the company's commitment to its treasury plan, which includes AI assets. This renewed buying confirms that the legal interruption did not derail Genius Group's Bitcoin strategy. Future filings will indicate the pace at which the company intends to expand its Bitcoin holdings.