Rita Dfouni
- Genius Group doubled its Bitcoin holdings to 200 BTC, aiming for a 10,000 BTC reserve.
- The firm credits the GENIUS Act for accelerating its blockchain-based education platform.
- Plans include converting student reward tokens (GEMs) into a stablecoin and launching onchain credentials.
Singapore-based AI-driven education company Genius Group has doubled its Bitcoin treasury to 200 BTC, positioning itself more aggressively in the digital asset space as it builds toward a long-term goal of holding 10,000 BTC. The move comes as the company expands its blockchain-based initiatives following the recent passage of the GENIUS Act in the United States.
In an announcement made on July 23, the company revealed it had acquired 20 BTC on July 18. According to data, Bitcoin traded between $117,000 and $120,600 on that day, but Genius Group managed to secure its purchase at an average of $106,812 per BTC. This represented a discount of nearly 10% compared to market value. The company paid $2.14 million for Bitcoin that is now worth roughly $2.35 million, leaving it with an unrealized profit of approximately $216,000. Genius Group has not yet explained how it obtained such a discount, and it did not immediately respond to requests for clarification.
This latest acquisition follows a similar move in mid-June, when Genius Group increased its Bitcoin reserves by more than 50% through the purchase of 34 BTC. At that time, the firm also announced it would distribute a portion of any future proceeds from two active lawsuits, which together seek damages exceeding $1 billion.
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From GEMs to stablecoins: Genius Group’s next phase
Genius Group stated that the GENIUS Act will help fuel the expansion of Genius Academy, its blockchain-based education platform. The academy issues Genius Education Merits, or GEMs, to students as rewards. Each GEM is equivalent to one satoshi, the smallest denomination of Bitcoin. While GEMs cannot currently be exchanged for crypto or fiat, the company plans to convert them into a stablecoin once it secures regulatory approval. That stablecoin would be usable within its ecosystem for services like education, food, lodging, and retreats.
In line with this vision, Genius Group is also preparing to apply for a PPSI license to issue stablecoins, and a separate DASP license to operate as a regulated digital asset service provider. These licenses would allow the company to offer blockchain-certified credentials, make stablecoin payments to educators and partners, and expand its onchain learning infrastructure with real-world use cases.
