AI firm, Genius Group announced that it will adopt Bitcoin as its primary treasury asset. The company will be holding 90% of its present and future resources in BTC.

According to the recent press release, the shares of GNS have increased up to 50% during the premarket trading before dropping back down. However, the stock price is still 10% more than it was on Monday. Currently, it is trading at $0.70 per share.

The Singapore-based company shared further schemes to buy $120 million worth of bitcoin, making up to 1380 BTC at current rates. The company will hold them for a longer period. Moreover, it will be allowing payments in Bitcoin for the Edtech platform.

This transition of the company towards the deployment of Bitcoin is happening after it hired multiple people with portfolios in the crypto and Web 3 markets.

The strategy is the same as Microstrategy led by Micheal Saylor which has $24 billion worth of Bitcoin holdings after it started using crypto assets for protection from inflation.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed