24/7 Market News Snapshot 21 November, 2024 – Genius Group Limited (NYSE:GNS)

November 21, 2024

DENVER, Colo., 21 November, 2024 (247marketnews.com) – (NYSE:GNS) are discussed in this article.
Genius Group Limited (NYSE American: GNS) is displaying a notable upward trend, with a pre-market trading price of $1.025, reflecting a 7.89% increase from the previous closing value of $0.950. This notable price surge comes alongside a substantial trading volume of 3.13 million shares, indicating heightened market interest and potential momentum. Key technical indicators, including a rising moving average and an increasing relative strength index (RSI), suggest that the bullish trend may continue. Investors are advised to keep an eye on pivotal resistance levels above $1.05 and support around $0.95 to navigate future price fluctuations.

In a strategic move to enhance its financial position, Genius Group has announced an additional $4 million investment in its Bitcoin Treasury, acquiring 153 Bitcoin. This brings the total commitment to $14 million, with an average acquisition cost of $91,372 per Bitcoin, reflecting the company’s “Bitcoin-first” strategy. This initiative aims to allocate over 90% of its current and future reserves to Bitcoin, targeting a significant $120 million benchmark.

This recent acquisition follows a $10 million purchase made just weeks prior, underscoring Genius Group’s ambition to lead in the intersection of education and blockchain technology. CEO Roger Hamilton has also introduced the company’s podcast series dedicated to Bitcoin and blockchain education, where discussions highlight the rationale for creating Bitcoin Treasuries and provide insights for other companies considering similar investments.

Furthermore, the podcast features the Genius Group Bitcoin-First 10 Step Plan, a comprehensive framework designed to guide organizations in adopting a Bitcoin-centric strategy. This plan emphasizes building a knowledgeable leadership team, establishing a blockchain strategy, setting clear Bitcoin acquisition goals, and fostering an educational environment that prepares stakeholders for a decentralized future.

As Genius Group continues to implement innovative strategies, it remains focused on empowering over 5.4 million users across more than 100 countries, transforming the educational landscape to meet the demands of a digital economy.

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