Genius Group buys 10 more BTC, resumes accumulation strategy

Nasdaq-listed AI education company Genius Group announced it has resumed buying Bitcoin as part of its BTC accumulation strategy. According to the company, it purchased about 10 BTC between Oct. 2 and Oct. 5 at an average price of $85,365. Genius Group said it plans to fund future purchases of BTC and AI assets through cash flow, perpetual preferred securities offerings, and its ATM program, adding it does not currently plan to use debt financing or pledge its BTC holdings or AI shares as collateral.