Genius Group, an AI company based in Singapore, has announced that it will adopt Bitcoin as its primary treasury asset, committing 90% of its reserves to Bitcoin holdings. The firm plans to initially acquire $120 million worth of BTC, approximately 1,380 Bitcoins at current prices, which it intends to hold long-term. This strategic move follows a restructuring of the company's board, incorporating several individuals with backgrounds in cryptocurrency and Web3 technologies. The shares of Genius Group surged by as much as 50% in early trading but later adjusted to a 10% increase, trading at $0.70. The adoption of Bitcoin aligns Genius Group with other firms, such as MicroStrategy, which has recognized Bitcoin as a hedge against inflation and a primary store of value. The company also aims to facilitate Bitcoin payments on its Edtech platform.

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