Genius Group Resumes Bitcoin Purchases With $854K Investment
The AI-powered education company has restarted its Bitcoin buying program after a court lifted restrictions.
- Genius Group bought 10 BTC for $854,000 between October 2-5.
- The average purchase price was $85,364 per Bitcoin.
- The move follows the removal of a court injunction that previously restricted the company's capital activities.
- Bitcoin is currently trading at $85,503 with a market cap of $1.72T.
Genius Group, an AI-powered education company, has resumed its 
Bitcoin purchasing program after a U.S. court lifted a preliminary injunction that had previously restricted the company's capital activities. The company announced on October 6 that it acquired 10 BTC for approximately $854,000 between October 2 and October 5, paying an average price of $85,364 per coin.
The renewed Bitcoin purchases mark a return to the company's treasury strategy, which had been disrupted by the court injunction. The injunction had prevented Genius Group from issuing shares, raising funds, and purchasing Bitcoin. The lifting of these restrictions has allowed the company to resume its cryptocurrency investment activities.
The purchase comes at a time when the overall cryptocurrency market remains relatively stable, with a total market cap of $2.98 trillion. Bitcoin, the largest cryptocurrency by market cap, is currently trading at $85,503, showing a slight 24-hour decline of 0.08% but a 7-day increase of 2.90%. The Fear & Greed Index stands at 73, indicating a 'Greed' sentiment in the market.
The resumption of Bitcoin purchases by Genius Group could be seen as a positive signal for the cryptocurrency market, suggesting continued institutional interest despite recent market fluctuations. The company's average purchase price of $85,364 per Bitcoin indicates a strategic approach to accumulating the digital asset.
At today's peer-to-peer rate, 1 BTC ≈ ₦116.86M (about $85,510.00), down 0.2% over 24 hours. The naira itself trades about 2.7% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Bitcoin — questions
How much is 1 Bitcoin worth in naira today?
About ₦116.86M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $85,510.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
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This is an original TLT brief that synthesises reporting from NewsBTC. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.