Artificial intelligence company Genius Group Limited saw its stock price rise 66% in one day after announcing the adoption of MicroStrategy's "Bitcoin First" strategy.
The strategy involves a commitment to hold 90% or more of the company's current and future reserves in Bitcoin, starting with a $150 million market (ATM) issuance to complete the initial goal of acquiring $120 million in Bitcoin. (Cointelegraph)
Yesterday's news, Genius Group intends to adopt a Bitcoin-first financial strategy, plans to allocate more than 90% of its reserves to Bitcoin, launch a Web3 education series and enable Bitcoin payments on Edtech platforms.