Genius Group Resumes Bitcoin Accumulation After U.S. Court Lifts Treasury Ban
Singapore-based AI and education firm Genius Group has resumed its Bitcoin purchases after a U.S. court lifted restrictions that had temporarily blocked the company from expanding its crypto holdings.The decision came af...
Singapore-based AI and education firm Genius Group has resumed its Bitcoin purchases after a U.S. court lifted restrictions that had temporarily blocked the company from expanding its crypto holdings.
The decision came after a favorable ruling by the U.S. Court of Appeals, allowing the firm to continue building its Bitcoin treasury.
Genius Group Resumes Bitcoin Strategy, Aims for 1,000 BTC After Legal VictoryOn May 22, the company announced it had added 24.5 Bitcoin to its treasury, increasing its current holdings to 85.5 BTC.
The purchase was made at an average price of $99,700 per Bitcoin, bringing the firm’s total Bitcoin investment to $8.5 million. This marks a 40% increase in its holdings since the ruling.
JUST IN: Singapore's Genius Group buys another 24.5 Bitcoin.
Now holds 85.5 $BTC
1,000 BTC target confirmed
The decision to resume Bitcoin accumulation follows a favorable ruling by the U.S. Court of Appeals.
The court stayed a preliminary injunction that had barred Genius Group from using investor funds to purchase Bitcoin.
The order, issued on February 14, forced the company to halt its Bitcoin strategy and sell off most of its previous holdings.
A New York court restricts Genius Group from raising funds or buying Bitcoin, forcing the company to sell part of its Bitcoin treasury amid legal battles and financial strain.#Crypto #Regulationhttps://t.co/Evr2bOXIQ7
— Cryptonews.com (@cryptonews) April 3, 2025Now, with the ban lifted, Genius Group says it is rebuilding its Bitcoin treasury and reaffirming its long-term goal to hold 1,000 BTC. That target was first set in November 2024.
Before the court-imposed pause, Genius had quickly grown its Bitcoin holdings to 440 BTC by February 2025.
During the legal freeze, Genius Group filed an amended RICO lawsuit in the U.S. District Court for the Southern District of Florida, seeking damages from what it describes as the “legal actions of third parties” that disrupted its business and forced asset sales.
“We are pleased to be able to begin the task of rebuilding shareholder value from the damage caused by the legal actions of third parties,” said Genius Group CEO Roger Hamilton. “Building our Bitcoin Treasury is a key part of that plan.”
The company is also moving forward with its educational initiatives, including the launch of its Bitcoin Academy at the end of May.
The academy will feature voices from the Bitcoin space such as Saifedean Ammous, author of The Bitcoin Standard.
Hamilton said the firm is focused on educating students in what it calls the “ABCs of the Future: AI, Bitcoin and Community,” aligning its vision with the emerging digital economy.
Genius Group, which trades on the NYSE under the ticker GNS, is focused on combining artificial intelligence, Bitcoin, and community-driven education.
It currently serves over 5.8 million users in more than 100 countries.
Google Finance data shows that the company’s stock is trading at $0.34, down more than 8% from the previous day, and less than half its price at the beginning of the year.
Source: Google FinanceCorporate Bitcoin Treasuries Expand as List of BTC Accumulators ExpandsGenius Group’s decision to resume Bitcoin accumulation places it among a fast-expanding circle of companies embracing BTC as a strategic treasury asset.
The move follows a broader trend kicked off by Strategy (formerly MicroStrategy), which has become the largest corporate Bitcoin holder globally.
As of May 18, Strategy held 576,230 BTC worth over $40 billion, acquired at an average price of $69,726 per coin.
Just last week, it added another 7,390 BTC, spending nearly $765 million at an average of $103,498 per coin. So far in 2025, Strategy’s Bitcoin position has returned 16.3%.
Strategy Inc. has acquired 7,390 BTC for $764.9 million, bringing its total holdings to 576,230 BTC worth over $40 billion, as it doubles down on its bold Bitcoin-first strategy.#Bitcoin #MSTRhttps://t.co/L2S6459LQJ
— Cryptonews.com (@cryptonews) May 19, 2025Strategy’s influence is clearly spreading. Earlier this month, a Bahrain-listed catering firm adopted a Bitcoin treasury strategy in partnership with 10X Capital.
Meanwhile, Hong Kong-listed luxury watchmaker Top Win rebranded to AsiaStrategy and saw its shares surge over 60% after announcing a similar Bitcoin-first approach, backed by Sora Ventures.
The post Genius Group Resumes Bitcoin Accumulation After U.S. Court Lifts Treasury Ban appeared first on Cryptonews.
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