| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107337.0000000000 |
| ETH | $2438.1730000000 |
| BNB | $648.5296800000 |
| XRP | $2.1811220000 |
| ADA | $0.5675125000 |
| SOL | $150.6741000000 |
| DOGE | $N/A |
| DOT | $3.4237200000 |
| LTC | $86.4676000000 |
| LINK | $13.4367200000 |
Category: CRYPTO NEWS
The post AI Firm Genius Group Boosts Bitcoin Reserves to 440 BTC appeared on BitcoinEthereumNews.com. Bitcoin-first education group and artificial intelligence company Genius Group announced that it had increased its Bitcoin vault purchases by an additional $2 million to 440 BTC, with a total value of $42 million and an average price of $95,519 per Bitcoin. Genius Group’s Bitcoin Holdings According to the official blog, as of January 31, 2025, Genius Group’s Bitcoin Treasury of 440 Bitcoin had a market value of $46 million based on the Bitcoin price of US$104,893 per Bitcoin. However, it is imperative to note that as of today, the market value of the company’s Bitcoin holdings is 44 million. The AI firm’s market cap was $33.1 million based on 68.8 million issued shares and the share price of $0.48 at market close on Jan 31. Thus, the firm has a BTC / Price ratio of 139%. The official communication stated, “Based on this ratio, as at January 31, 2025, $100 of the Company’s equity includes $139 in Bitcoin in its Bitcoin Treasury. This ratio is subject to change based on the price of Bitcoin and the price of the Company’s shares.” Bitcoin reclaimed the market value of $100,384.26 after suffering from downtrend and the draining of $2 billion from the crypto derivatives market following President Donald Trump’s tariff policy. The reclamation kicked off as soon Mexico’s President Claudia Sheinbaum reached an agreement with US President Donald Trump on Monday to pause the US-Mexico tariffs for one month. The agreement also included the Mexican president deploying 10,000 National Guard troops to help secure the US-Mexico border. Also Read: Oklahoma Senate Bill Moves to Committee for Bitcoin Salary Payments Source: https://www.cryptonewsz.com/ai-firm-genius-group-bitcoin-reserves-to-440/
2025-02-04T04:44:15+00:00