This AI-Based Education Company Adds Bitcoin Reserve Funds

JAKARTA - Genius Group Limited, an artificial intelligence-based (AI) educational company, added to its Bitcoin collection. On January 9, 2025, the company announced its increase in Bitcoin (BTC) reserves to 372 units, equivalent to US$35 million (Rp567 billion) based on the current Bitcoin price trading at $94,000 per coin.

The move is part of a "Bitcoin-firm" strategy adopted by Genius Group in November 2024, in which they committed to allocating 90% or more of their reserves into Bitcoin.

The company's initial target is to achieve Bitcoin ownership of US$120 million (Rp1.94 trillion). With this latest purchase, Genius Group has reached about 30% of the target in less than two months.

In addition, the company has also increased their Bitcoin-based loans with Arch Lending from US$10 million (Rp162 billion) to US$14 million (Rp227 billion), with a loan to value ratio (LTV) of 40%. This move shows Genius Group's strategy of utilizing their digital assets to support business growth while keeping risks under control.

Genius Group CEO Roger Hamilton has a long-term vision for the company. He targets the company's market value to reach US$1 billion (Rp16.2 trillion) in the next 10 years, by forming a $1 billion Bitcoin reserve. Hamilton believes that Bitcoin can change corporate finance and is committed to making this digital asset an integral part of the company's financial strategy.

In recent years, many institutional companies have adopted Bitcoin as a hedge and portfolio diversification asset. Companies such as Riot Platforms, Tesla Inc., and Block Inc. have added Bitcoin to their balance sheet.