24/7 Market News Snapshot 12 November, 2024 – Genius Group Limited (NYSE:GNS)

November 12, 2024

DENVER, Colo., 12 November, 2024 (247marketnews.com) – (NYSE:GNS) are discussed in this article.
Genius Group Limited (GNS) is experiencing a remarkable surge in pre-market trading, currently priced at $0.879, reflecting a substantial 39.30% increase from its last closing value of $0.631. This upward momentum is supported by a trading volume of 6.03 million shares, underscoring robust investor interest. Market analysts attribute this spike to recent positive developments, indicating a potentially lucrative opportunity for both traders and investors.

In a groundbreaking move, Genius Group has announced a shift to a “Bitcoin-first” strategy, designating Bitcoin as its primary treasury reserve asset. This decision is a significant pivot for the company, emphasizing its embrace of next-generation financial technologies. This strategy follows a strategic restructuring of the board, incorporating Blockchain and Web3 experts to guide the organization in this innovative approach. The company’s plan entails allocating over 90% of its current and future reserves to Bitcoin, with an ambitious goal of acquiring an initial target of $120 million using its $150 million ATM. This substantial investment is intended to bolster the company’s financial position and enhance shareholder value.

In conjunction with its new financial strategy, Genius Group is set to launch the Web3 Wealth Renaissance series, an educational initiative designed to equip students with knowledge about Bitcoin, cryptocurrency, and blockchain through advanced AI-driven learning tools. Furthermore, the company will facilitate global Bitcoin payments on its EdTech platform, fostering seamless transactions within the emerging digital economy.

“As we adopt this Bitcoin-first approach, we aim to place Genius Group at the forefront of companies recognizing the transformative potential of this asset,” stated Thomas Power, Director of Genius Group. CEO Roger Hamilton reiterated this vision, which seeks to navigate the evolving landscape of public companies and investor relations. The strategic shift aims not only to navigate current market challenges but also to articulate a commitment to innovation and transparency moving forward. To provide further insights into this ambitious transition, Genius Group will host a live podcast featuring key executives on November 19.

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