Genius Group has plans for a podcast to help other firms considering Bitcoin as a treasury reserve asset after they found there was no clear blueprint for the process.
Artificial intelligence firm Genius Group has taken the first steps to turn most of its treasury reserves into Bitcoin, purchasing 110 Bitcoin for $10 million — and wants to teach other firms to do the same.
According to a Nov. 18 statement from the firm, it purchased at an average price of $90,932 per Bitcoin (BTC), the first in “ongoing purchases the Company intends to make towards its target.”
On Nov. 12, the AI firm said they were committing 90% or more of its current and future reserves to be held in Bitcoin with an initial target of $120 million.
