Genius Group Limited (NYSE:GNS) experienced a significant boost in its stock value, climbing 20% in pre-market trading on Wednesday, as per Benzinga Pro. This surge followed the company’s announcement to adopt Bitcoin (CRYPTO: BTC) as its main treasury asset. As per a press release, Genius Group plans to allocate 90% of its current and future reserves to Bitcoin.
The Singapore-based company’s shares initially soared by 50% before stabilizing at a 10% increase from Monday’s close, trading at $0.70 per share. Genius Group intends to acquire $120 million worth …
Full story available on Benzinga.com