Singapore-based AI edtech agency Genius Group doubled its Bitcoin holdings to 200 BTC in July whereas increasing its crypto initiatives beneath the newly handed GENIUS Act.
Singapore-based synthetic intelligence-driven edtech agency Genius Group doubled its Bitcoin treasury to 200 BTC as a part of its long-term technique to construct a ten,000-BTC treasury reserve.
Based on a Tuesday announcement, Genius Group acquired 20 Bitcoin (BTC) on July 18. Bitcoin traded between $117,000 and $120,600 on the day, in accordance with Nansen knowledge.
The announcement mentioned the 20 BTC was acquired at a median worth of $106,812 per BTC — 9.5% to 12.9% decrease than market worth. With a complete buy worth of $2.14 million for BTC price $2.35 million on the time of writing, Genius has already made a complete revenue of $216,000, or roughly 9.8, in accordance with the announcement.
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