PANews reported on May 22 that according to GlobeNewswire, artificial intelligence education group Genius Group (NYSE American: GNS) announced that it has resumed the construction of Bitcoin reserves after the US Court of Appeals lifted the ban. The company recently increased its holdings by 24.5 BTC, and currently holds 85.5 BTC (total cost of US$8.5 million, average price of US$99,700 per BTC), an increase of 40% from the previous. The company reiterated that it will continue to increase its holdings to the goal of 1,000 BTC as planned in November 2024. In February 2025, its holdings reached 440, but it was forced to sell most of its holdings between February 14 and May 6 due to a temporary restraining order from the court. The company has filed a RICO Act amendment lawsuit in the Southern District Court of Florida.
Genius Group plans to launch Bitcoin Academy at the end of May, inviting people such as Saifedean Ammous, author of "Bitcoin Standard", to participate. CEO Roger Hamilton said that rebuilding Bitcoin reserves is a key part of the company's 2025 development strategy, which aims to promote AI, Bitcoin and community education.
