Genius Group Limited (GNS), a Singapore-based education company listed on the NYSE American exchange, has bought 10 Bitcoin (BTC) for about $854,000. The purchase is its first since April 2026, when it sold its entire Bitcoin holding to repay debt, and it follows a US appeals court ruling that removed a legal block on the company’s fundraising and Bitcoin buying.
The company disclosed the purchase on October 6, 2026, stating it acquired the coins over four days at an average of $85,364 each. Management called the buy the first step in a board-approved “dual treasury” strategy, under which the company holds both Bitcoin and stakes in AI companies on its balance sheet.
The purchase is small against the target. At the October purchase price, 10 BTC equals roughly 0.1% of the planned $827 million Bitcoin allocation.
Chief Executive Officer (CEO) Roger James Hamilton described the buy as “a signal to our shareholders and to the market that we are recommencing our Bitcoin accumulation strategy.” The company also said it currently has no plans to take on debt or pledge its Bitcoin or AI holdings as collateral.
Court Ruling Cleared the Way
The restart follows an August 31, 2026, summary order from the Second Circuit that officially vacated the preliminary injunction against the company. The US District Court for the Southern District of New York (SDNY) had granted that injunction on March 13, 2025, at the request of LZG International, after a dispute over an asset purchase agreement between the two firms.
The order barred Genius Group from issuing shares, raising capital and buying Bitcoin. The Second Circuit stayed it on May 7, 2025, and the August ruling ended it formally.
Genius Group is separately pursuing claims under the Racketeer Influenced and Corrupt Organizations Act (RICO) in the US District Court for the Southern District of Florida against individuals connected to LZG. It is seeking treble damages, meaning three times the actual losses, and has said any net recovery would be split between shareholder distributions and Bitcoin purchases.
From 440 BTC to Zero and Back
Genius Group first adopted a Bitcoin treasury policy in November 2024. Company disclosures and secondary trackers placed its holdings near a peak of about 440 BTC in early 2025.
The injunction limited new fundraising, which pushed the company into staged sales. In July 2025, it still bought 20 Bitcoin at an average of $106,812, reported holdings of roughly 200 BTC and set a target of 1,000 BTC by year-end. That target was not reached.
On April 1, 2026, the company reported that it had sold its remaining Bitcoin and used the proceeds to repay $8.5 million of third-party debt in full. Secondary reports placed the average cost of that earlier holding well above the prices realized on the exit.
How the New Plan Will Be Funded
The board approved a five-year capital plan on August 27, 2026 aimed at lifting total assets to $2 billion by fiscal 2031.
Funding is expected from three sources;
- Operating cash flow from its education business
- A publicly registered perpetual preferred security, a type of share that pays dividends and has no maturity date, issued under a $1.2 billion shelf registration that became effective in July 2025
- An at-the-market (ATM) equity program, which lets the company sell new shares gradually at market prices.
The initial preferred offering is sized at $12.5 million. Proceeds will be split among the Bitcoin treasury, the AI treasury and a cash reserve covering about 18 months of preferred dividends.
A Smaller Version of Strategy’s Model
The funding mix of perpetual preferred shares and ATM equity sales follows the route used by Strategy, the Michael Saylor co-founded company formerly known as MicroStrategy, which is the largest Bitcoin holder among publicly traded firms. The approach lets companies buy Bitcoin without taking on conventional debt, though it dilutes existing shareholders or adds fixed dividend obligations.
The difference is scale. Genius Group reported $106.6 million in net assets and no third-party debt as of its August update, meaning its $827 million Bitcoin target is several times its current net asset base.
On the AI side, Genius Group holds indirect, or look-through, stakes in private and recently listed companies, including OpenAI, Anthropic, Databricks, and SpaceX. It held the SpaceX stake before and after that company’s June 12, 2026, listing. Genius Group says it serves about six million users across more than 100 countries through education and entrepreneurship programs.
What to Watch
Execution remains the open question. Reaching the target depends on completing preferred share sales and generating operating cash at a scale the company has not yet shown for treasury buying. Bitcoin price swings will also flow directly to the balance sheet, separate from the education business.
Hamilton has previously tied the timing to Bitcoin’s four-year halving cycle, the scheduled cut in new Bitcoin supply, and an expected uptrend into 2029. The October purchases were made near $85,000, below the levels at which the company was buying in mid-2025.
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