AI education company Genius Group said it has restarted its Bitcoin buying program, purchasing 10 BTC between Oct. 2 and Oct. 5 for a total of about $854,000. The company said the average purchase price was $85,364 per Bitcoin. According to the update carried by Techub News and attributed to NewsBTC, the purchase marks the return of Genius Group’s treasury strategy after it had been interrupted by legal restrictions. The company’s ability to raise funds and buy Bitcoin had previously been limited by a preliminary injunction. That order was vacated by the U.S. Court of Appeals for the Second Circuit on Aug. 31, clearing the way for the company to resume the plan. The latest purchase places the legal development and the treasury move in direct sequence, with the court’s decision removing the restriction that had blocked the company’s Bitcoin accumulation.
AI education company Genius Group has resumed its Bitcoin buying program, according to Techub News.
The company bought 10 BTC between Oct. 2 and Oct. 5 for a total of about $854,000, with an average purchase price of $85,364 per coin.
Genius Group said the purchase marks the return of its treasury strategy, which had been interrupted by legal restrictions. A preliminary injunction that had restricted the company from raising funds and buying Bitcoin was vacated by the U.S. Court of Appeals for the Second Circuit on Aug. 31.
The report cited NewsBTC as the source.
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