Singapore-based Genius Group has once again restored its Bitcoin treasury strategy after a US appeals court removed a restriction. Genius Group bought 10 Bitcoin over four days at an average price of $85,364 per coin. The latest purchase comes after it sold all its previous holdings in April 2026 to pay off $8.5 million in debt. Now, the company is planning to expand its treasury with both Bitcoin and AI investments.
Latest News – $GNS buys $BTC
Purchases are the next step in the Company’s $1.2 billion dual treasury capital plan targeting $827 million in Bitcoin and $800 million in AI assets by FY2031.
SINGAPORE, Oct. 06, 2026 (GLOBE NEWSWIRE) — Genius Group Limited (NYSE American: GNS) (“Genius Group”, “GNS” or the “Company”), a leading AI-powered education group, today announced that it has recommenced its Bitcoin Treasury purchases, acquiring 10 Bitcoin for approximately $854,000 at an average price of $85,364 per BTC between October 2 and October 5, 2026.
The purchases mark a strategic milestone for the Company as it takes the next step in executing its Board-approved $1.2 billion dual treasury capital plan, announced on August 27, 2026. The plan targets $827 million allocated to Bitcoin and $800 million to AI assets, with a goal of reaching $2 billion in total assets by FY2031.
The recommencement of Bitcoin purchases follows the ruling by U.S. Court of Appeals for the Second Circuit on August 31, 2026, vacating the preliminary injunction that had previously blocked the Company from issuing shares, raising funds, and purchasing Bitcoin.
The Company had previously indicated that it intended to recommence Bitcoin purchases in October 2025, citing the Company’s belief that this coincided with the early stages of Bitcoin’s historic four-year halving-cycle uptrend.
The Company intends to continue accumulating Bitcoin on an ongoing basis as part of its dual treasury strategy, alongside its planned accumulation of AI stocks. To date, the Company has announced look-through interests in OpenAI, Anthropic, Databricks, SpaceX (held prior to and following its IPO on June 12, 2026) and other Pre-IPO frontier AI companies.
The Company intends to fund purchases for its dual treasury through a balanced mix of operating cash flow, previously-announced plans for the issuance of perpetual preferred securities and prudent use of its At-The-Market Program facility, designed to maximise Net Asset Value Per Share (NAVPS).
The Company currently has no plans to fund purchases with debt financing, or to hypothecate any of its Bitcoin or AI stocks held in its dual treasury.
Roger James Hamilton, CEO of Genius Group, said “This week’s purchase of Bitcoin, while modest, is a signal to our shareholders and to the market that we are recommencing our Bitcoin accumulation strategy at what we believe is the early stages of Bitcoin’s next major uptrend.”
“We are educating our students on the ‘ABC’s of the future: AI, Blockchain and Community, in which we believe ownership in the future AI-powered digital workforce and Blockchain-based digital economy is a key component to wealth creation in a post-Singularity world.”
“Our dual treasury strategy is our way of leading by example, as we continue to pursue our mission of preparing humanity for a fast changing future.”
— Roger James Hamilton (@rogerhamilton) October 6, 2026
Genius Group is listed on the NYSE American exchange as GNS. It announced its latest Bitcoin purchase on October 6. While this purchase is small compared to its long-term goals, CEO Roger James Hamilton said it shows the company is resuming its Bitcoin accumulation strategy.
Genius Group plans to allocate about $827 million to Bitcoin. The recent purchase is only about 0.1% of that target. According to the company, it does not plan to borrow money or use its Bitcoin or AI investments as collateral at this time.
The company was able to restart its strategy after resolving a legal dispute with LZG International. The U.S. Court of Appeals for the Second Circuit officially vacated the preliminary injunction on August 31, 2026, removing restrictions that had previously blocked Genius Group from issuing shares, raising capital, and purchasing Bitcoin.
This change allowed Genius Group to return to its Bitcoin treasury plans. The company started its Bitcoin treasury strategy in November 2024. According to company reports and tracking data, its Bitcoin holdings later grew to about 440 BTC.
But the legal restrictions made it hard for the company to raise new funds. As a result, it gradually reduced its Bitcoin holdings and sold the rest in April 2026.
Genius Group said the sale provided funds to fully repay $8.5 million in third-party debt. Now, the company plans to build what it calls a dual treasury strategy. This means it will hold both Bitcoin and investments related to artificial intelligence.
In August, the company approved a five-year capital plan aiming to grow its total assets to $2 billion by 2031. It plans to raise money through several methods. These include a publicly registered perpetual preferred security and an at-the-market, or ATM, equity programme. The ATM system allows a company to sell new shares gradually at market prices.
The first preferred share offering is expected to raise $12.5 million. The company plans to split this money between its Bitcoin treasury, AI investments, and a cash reserve for preferred-share dividends.
Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV
You need to login in order to Like
Leave a comment