Singapore-based AI-driven edtech firm Genius Group has doubled its Bitcoin holdings to 200 BTC, pursuing a larger goal of a 10,000-BTC treasury reserve. This move follows the acquisition of 20 BTC on July 18 at an average price of $106,812 each, significantly lower than market rates, already yielding a profit of $216,000. The company intends to expand its Bitcoin stash to 1,000 BTC by the end of 2025 and achieve 10,000 BTC within two years, leveraging the GENIUS Act, which is expected to bolster its blockchain educational initiatives. Genius Group also plans to apply for new regulatory licenses to issue stablecoins and provide digital asset services. The GENIUS Act mandates stablecoin reserves and compliance with AML regulations, benefiting users in case of insolvency. CEO Andrew Keys noted that Ethereum stands out as the biggest benefactor of the act due to its role in the stablecoin ecosystem.

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