24/7 Market News Snapshot 30 December, 2024 – Genius Group Limited (NYSE:GNS)

December 30, 2024

DENVER, Colo., 30 December, 2024 (247marketnews.com) – (NYSE:GNS) are discussed in this article.
Genius Group Limited is navigating a challenging market as its stock has shown a significant decline, trading at $0.695, which reflects a 7.75% drop from the previous close of $0.645. This bearish trend follows increased selling pressure, signaling potential volatility with a trading volume of 7.84 million shares. Traders are advised to monitor support levels around $0.645 and resistance at $0.74, as further analysis may uncover reversal opportunities.

Amid this stock performance, Genius Group is actively advancing its remarkable Bitcoin Treasury Strategy. The company recently announced an increment of $10 million to bolster its Bitcoin holdings to a total of 319.4 Bitcoin, resulting in a cumulative investment of $30 million. Genius Group aims to allocate 90% of its current and future reserves to Bitcoin, with an aggressive initial target of $120 million.

The strategic focus on Bitcoin has delivered impressive results, as demonstrated by a BTC Yield of 1,649% for the fourth quarter of 2024. This indicator, which assesses the percentage change in Bitcoin holdings against assumed diluted shares, underscores the effectiveness of the company’s investment approach. CEO Roger Hamilton noted, “We are ahead of schedule in our pursuit of our initial target of 1,000 Bitcoin due to our consistent purchasing.” He emphasized that prioritizing BTC Yield will facilitate the exploration of investment options to enhance shareholder value.

The current market capitalization of Genius Group stands at $40.6 million, showcasing a 177% increase in net asset value since prior reports. This compelling narrative suggests that the market may not fully recognize the company’s intrinsic value. As Genius Group plans more frequent reporting on Bitcoin Treasury performance alongside financials in 2025, it remains committed to providing transparency regarding its strategy and progress in Bitcoin investments.

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