Genius Group has sold the remaining BTC and will restart its Bitcoin reserve strategy at an opportune time in the future
By: rootdata|2026/04/01 21:42:00
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According to GlobeNewswire, the US-listed company Genius Group (GNS) released its financial report for the first quarter of 2026 (ending March 31). The company has sold all of its btc-42">Bitcoin reserves and fully repaid approximately $8.5 million in debt through debt restructuring, stating that it will restart the construction of Bitcoin reserves once the market environment improves.
On the financial side, the company performed strongly in the first quarter: revenue was $3.3 million, a year-on-year increase of 171% (compared to $1.2 million); gross profit was $2 million, a year-on-year increase of 228% (compared to $600,000); net profit was $2.7 million. The company stated that the growth in performance mainly came from the comprehensive expansion of its three major business lines (Genius School, Academy, Resorts).
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