Genius Group Doubles BTC Holdings Amid ‘GENIUS Act’ Push

Singapore-based edtech firm Genius Group bolstered its Bitcoin holdings by 20 BTC last week, bringing its total treasury to 200 BTC, part of an ambitious plan to reach a 10,000-BTC reserve.

According to an announcement made July 20, Genius Group acquired the 20 BTC on Tuesday (July 16), acquiring it at an average price of approximately $106,812 (9.5% to 12.9% below market rates at the time). This purchase, at an estimated $2.14 million cost basis, now represents holdings potentially worth $2.35 million, generating an estimated $216,000 profit depending on current market prices.

Acquired Cryptocurrencies

20 BTC on July 16 (Tuesday) with an average cost of ~$106,812
28 BTC on July 9 (Tuesday)
32 BTC on July 13 (Friday)

Treasury Growth and Strategy

Last week’s purchase doubled Genius Group’s BTC treasury from 100 to 200 BTC, significantly accelerating its stated goal.

The company aims to reach a 1,000-BTC reserve by year-end and a 10,000-BTC reserve within two years.

In Context: The GENIUS Act

The announcement noted support for the recently passed Government Evaluation of New Innovations Supporting Equity Act (GENIUS Act), suggesting its positive impact on the company’s blockchain initiatives.

The company also stated plans to secure licenses to launch a Permitted Payment Stablecoin Issuer (PPSI) and a non-bank Digital Asset Service Provider (DASP) under US regulatory frameworks.

Tokenized Performance and Future

Genius Group’s blockchain-powered academy, Genius Academy, awards students with Genius Education Merits (GEMs), each representing one Satoshi (1 BTC). While currently non-transferable,

despite not being directly exchangeable, the planned PPSI license could facilitate the conversion of GEMs into an internal stablecoin.

The company also aims to reward educators and develop onchain course credentials, which could gain recognition as regulated digital assets, pending DASP approval.

A future for GEMs includes potential use at in-person events as a form of payment.

Illustration depicting Genius Group's Bitcoin holdings and related topics including the GENIUS Act, stablecoins, and Education Merits (GEMs). Source: BitconTreasures.NET — *Genius Group Bitcoin holdings chart. Source: BitcoinTreasures.NET*

GENIUS Act Impact on Ethereum

The GENIUS Act establishes a national framework for stablecoin issuance, including one-to-one reserve requirements and senior creditor status for holders.

Andrew Keys, CEO of Ethereum-focused fund Ether Machine, told CNBC that Ethereum is the largest beneficiary of the Act due to its dominance in tokenized asset deployment, including stablecoins.