FlashFlashDetails
Genius Group plans to rebuild the reserve of BTC, with a target of reaching $827 million by 2031
2026-08-30 08:49:26
According to CoinMeta, Wu said that Genius Group announced plans to re-establish a reserve for BTC about five months after emptying the Bitcoin treasury and expects to resume purchasing Bitcoin in the fourth quarter of 2026. The company aims to build a $827 million Bitcoin treasury and an $800 million AI treasury by FY2031. It also plans to utilize the existing $1.2 billion in shelf to finance through the issuance of perpetual preferred securities (PPS). In April of this year, Genius Group sold all remaining BTC and repaid $8.5 million in third-party debts.
Bullish 0
Bearish 0
Source：X
This content is for market information only and does not constitute investment advice.
Hot Articles
Refresh
arrow
'No longer a distant place': F2Pool Co-founder Chun Wang joins SpaceX's 2-year mission to Mars
'No longer a distant place': F2Pool Co-founder Chun Wang joins SpaceX's 2-year mission to Mars
05-22 18:25
Polymarket Targets Japan Approval Despite Gambling Laws
Polymarket Targets Japan Approval Despite Gambling Laws
05-22 18:00
ZachXBT flags suspected exploit involving Polymarket's UMA adapter contract on Polygon
ZachXBT flags suspected exploit involving Polymarket's UMA adapter contract on Polygon
05-22 17:57
ZachXBT flags $520K Polymarket exploit on Polygon, team says funds are safe
ZachXBT flags $520K Polymarket exploit on Polygon, team says funds are safe
05-22 17:24
Verus bridge exploiter returns 4,052 ETH, retains $2.8 million bounty: onchain analyst
Verus bridge exploiter returns 4,052 ETH, retains $2.8 million bounty: onchain analyst
05-22 17:24