Genius Group, a Singapore-based AI education company listed on Nasdaq, has expanded its corporate Bitcoin holdings by more than 50%, reflecting a growing trend of institutional adoption of Bitcoin as a treasury asset.

Despite previously facing a court-imposed ban on further Bitcoin accumulation, Genius Group has increased its Bitcoin treasury by 52% in the past month, acquiring an additional 34 BTC.

Genius Group Continues Its Journey Towards Its 1,000 BTC Goal

Taking into account its latest purchases, Genius Group now holds a total of 100 BTC, valued at over $10 million and acquired at an average price of $100,600 per Bitcoin.

The company has its eyes on eventually acquiring 1,000 BTC for its corporate treasury and positioning itself as a leader among publicly traded firms embracing digital assets.

Genius Group resumed its Bitcoin accumulation back in May 22 after securing a favorable ruling from the US Court of Appeals, which overturned a previous ban on additional Bitcoin purchases.

The restriction originated from a preliminary injunction and temporary restraining order issued by a New York District Court on March 13, related to a dispute over the company’s merger with Fatbrain AI.

This legal action had temporarily made Genius Group one of the first Bitcoin treasury firms “legally prevented” from buying more BTC.

But Hamilton expressed his satisfaction at regaining the ability to manage the company’s capital in line with board and shareholder directives, reiterating the firm’s commitment to its 1,000 BTC target.

Institutional Momentum Builds

The move by Genius Group comes as more companies adopt Bitcoin as a corporate reserve asset. On June 13, GameStop increased its private convertible note offering to $2.25 billion, signaling a deeper commitment to its own Bitcoin treasury strategy.

Two weeks earlier, GameStop announced the purchase of 4,710 BTC, valued at about $513 million, making it the 11th largest corporate Bitcoin holder globally.