COINOTAG News reports on December 9th that Genius Group Limited has made a strategic move by bolstering its Bitcoin portfolio with an investment of $2.2 million. This acquisition brings the company’s total Bitcoin holdings to 191 coins, acquired at an aggregate expenditure of $18 million. The average cost per Bitcoin stands at $92,728, highlighting the company’s commitment to enhancing its digital asset strategy amidst a fluctuating market environment.
This substantial investment reflects Genius Group’s confidence in the long-term viability of cryptocurrencies, particularly Bitcoin, in portfolios typically dominated by traditional asset classes. As institutional interest in cryptocurrencies continues to escalate, such moves may signal a shift in how companies approach digital assets. Investors are advised to closely monitor Genius Group’s strategic decisions as they invest further into the evolving landscape of crypto.
Source: https://en.coinotag.com/breakingnews/genius-group-limited-bolsters-bitcoin-holdings-with-2-2-million-purchase-totaling-191-bitcoins/