The AI and crypto company has added to a pattern of Bitcoin treasuries offloading this year, with Michael Saylor's Strategy bucking that trend.
AI-powered Bitcoin treasury and education company Genius Group revealed on Tuesday that it sold the remainder of its Bitcoin in Q1 to pay off debt, adding to a recent wave of companies offloading assets amid a crypto bear market.
“The company will recommence building its Bitcoin Treasury when it believes market conditions are more favorable,” it stated.
The move appears to go against its “Bitcoin first” strategy, which it touted in November 2024, vowing at the time to commit 90% or more of its current and future reserves to be held in Bitcoin.
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