Genius Group boosts Bitcoin holdings by 52% after court lifts crypto ban

Genius Group has expanded its Bitcoin treasury by 52% after a U.S. court lifted a previous ban on crypto purchases, with the company reaffirming its long-term goal of accumulating 1,000 BTC. Genius Group, a Singapore-based AI-driven education company listed on the NYSE American, has increased its Bitcoin ( BTC ) holdings by 52% following a favorable court ruling that lifted a previous ban on its crypto purchases. According to CEO Roger Hamilton’s announcement on X , the company acquired 34 additional BTC in the past month, bringing its total corporate treasury to 100 BTC. The purchases were made at an average price of $100,600 per BTC, amounting to a total investment of approximately $10.06 million. The renewed buying activity comes after the May 6 decision by the U.S. Court of Appeals, which overturned a prior order that had blocked Genius Group from acquiring more Bitcoin. That restriction stemmed from a March 13 ruling by a New York District Court, which issued a preliminary injunction and temporary restraining order in connection with a legal dispute surrounding the company’s merger with Fatbrain AI. You might also like: “We will not bend to fraudsters”: Genius Group forced to sell Bitcoin after court order Now that the company can resume buying Bitcoin, it has reaffirmed its long-term goal of building a 1,000 BTC treasury: “We’re pleased to be able to have regained the right to manage our company’s capital in the way our Board and shareholders sees fit. Our 100 Bitcoin milestone is a significant step towards our 1,000 Bitcoin target,” CEO Roger Hamilton said in the announcement. The development comes amid a broader wave of corporate Bitcoin adoption. Earlier today, The Blockchain Group announced that it had raised an additional €7.2 million (about $7.7 million) to advance its goal of becoming Europe’s leading Bitcoin treasury firm. In Japan, Metaplanet recently hit its 2025 target of 10,000 BTC following a fresh purchase of 1,112 BTC. In the U.S., Michael Saylor’s Strategy keeps expanding its BTC treasury, recently adding another 10,100 BTC. You might also like: Justin Sun’s newly acquired SRM Entertainment stock skyrockets over 530%