Singapore-based edutech company Genius Group has launched its podcast, which it claims would address the lack of framework for adopting a Bitcoin first strategy, today, November 19.
The podcast featured a live discussion on the future of Bitcoin and blockchain businesses. CEO Roger Hamilton, along with Genius Group Board Members Thomas Power and Ian Putter, spoke about the company’s new Bitcoin-First strategy aimed at making Genius Group an AI-driven, blockchain-based public company.
They explained in detail the company’s vision to mirror MicroStrategy’s $BTC treasury strategy, which has seen success under Michael Saylor’s leadership. According to Hamilton,
“The only vehicle that will outperform Bitcoin in the long run are companies that add value on top of a Bitcoin balance sheet.”
Genius Group announced on November 18 that it is committing over 90% of its current and future treasury reserves to Bitcoin, with an initial target of $120 million. The firm recently made its first Bitcoin purchase, acquiring 110 Bitcoin for $10 million at an average price of $90,932 per Bitcoin.
Hamilton revealed that, despite following in the footsteps of MicroStrategy, the firm struggled to find a clear framework for such a significant shift in corporate strategy. According to him, this podcast is intended to provide actionable insights to help other businesses follow suit.
Genius Group’s strategy comes amid a growing trend of corporate Bitcoin adoption. U.S.-based Solidion Technology recently announced plans to allocate over 50% of its surplus cash reserves to Bitcoin, calling it a “secure store of value” and a hedge against inflation.
Solidion is following the lead of Japanese investment firm Metaplanet which revealed also a Bitcoin-first strategy in May. Metaplanet has since expanded its Bitcoin reserves to over 1,000 BTC, ranking among the top 20 global companies with significant Bitcoin holdings. Recently, it announced it would issue over $11.7 million in ordinary bonds to support its acquisition campaign.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
