Bitcoin

Singapore’s Genius Group Boosts Bitcoin Treasury with $2.7M Purchase

Published

6 months ago

May 23, 2025

Editor

JUST IN: Singapore’s Genius Group Boosts Bitcoin Treasury with $2.7M Purchase

Singapore-based Genius Group Limited (NYSE American: GNS), a leading AI and education technology firm, has made headlines again with its latest acquisition of 24.5 Bitcoin (BTC), valued at approximately $2.7 million. This strategic move, announced on May 22, 2025, increases the company’s Bitcoin treasury by 40%, bringing its total holdings to 85.5 BTC, worth around $8.5 million at an average purchase price of $99,700 per Bitcoin.

The purchase follows a U.S. court ruling that lifted a previous ban on the company’s Bitcoin accumulation, allowing Genius Group to resume its aggressive treasury strategy. The firm, which adopted Bitcoin as its primary treasury asset in November 2024, has now reaffirmed its goal of acquiring 1,000 BTC, signaling strong confidence in the cryptocurrency’s long-term value.

Genius Group’s CEO emphasized the company’s vision, stating, “Building our Bitcoin Treasury is a key part of our plan to leverage Bitcoin as the primary store of value powering exponential technologies.” This aligns with the firm’s broader mission to integrate AI, blockchain, and digital assets into its education and technology offerings.

The acquisition comes amid a broader trend of institutional Bitcoin adoption, with companies like Basel Medical Group in Singapore also diversifying their treasuries with significant BTC purchases. Despite a reported decline in individual crypto ownership in Singapore—down to 29% in 2025 from 40% in 2024—corporate interest in Bitcoin remains robust, driven by its perceived role as a hedge against fiat currency risks.

Genius Group’s stock, trading at $0.38 per share, has shown significant volatility, with a beta of 10.44, according to InvestingPro analysis. The company is also navigating legal challenges, pursuing a $450 million lawsuit alleging fraud and extortion, while a shareholder-approved buyback program aims to repurchase up to 20% of its shares.

This latest Bitcoin purchase underscores Genius Group’s bold financial strategy and its commitment to positioning itself at the intersection of AI, education, and cryptocurrency. As Bitcoin’s price continues to climb, with 77% of Singaporean crypto investors predicting it will surpass $100,000 by 2030, Genius Group’s treasury expansion could prove to be a prescient move.

For more details on Genius Group’s Bitcoin strategy, visit their official announcements on the NYSE or follow updates on platforms like X, where the crypto community has been abuzz with the news.

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Bitcoin

Indonesia’s Crypto Sector Poised to Contribute $16.5 Billion to National Economy

Published

12 minutes ago

November 18, 2025

Coin Reporter Correspondent

Indonesia’s cryptocurrency industry is on the verge of becoming a major economic engine, with new research projecting it could inject up to Rp260.36 trillion ($16.5 billion) into the national economy over the coming years.

The forecast, released jointly by the Indonesian Blockchain Association (ABI) and the Ministry of Trade’s Commodity Futures Trading Regulatory Agency (Bappebti), marks the first official government-backed estimate of crypto’s full economic footprint, including direct trading revenue, infrastructure spending, job creation, and downstream effects in tourism, education, and tech services.

From Retail Frenzy to Institutional Maturity

Indonesia now ranks among the top five countries globally for raw crypto ownership, with over 19 million verified accounts on licensed exchanges as of October 2025, up from 6 million just three years ago.

Daily trading volume across the country’s 25 Bappebti-registered platforms routinely exceeds $1 billion, led by Tokocrypto, Indodax, and Pintu. The majority of activity is concentrated in Bitcoin, Ethereum, and local rupiah-backed stablecoins, reflecting genuine utility rather than pure speculation.

The report highlights four key growth channels:

Direct tax and fee revenue from licensed exchanges (already contributing Rp4.7 trillion in 2024)
150,000+ new skilled jobs in development, compliance, customer support, and marketing
Infrastructure investment: data centers, mining operations in Sumatra and Kalimantan powered by excess geothermal and hydro energy
Tourism spillover: Bali and Batam emerging as popular destinations for crypto conferences, remote workers, and digital-nomad communities

Government Support Turning Decisive

The Ministry of Trade has signaled it will propose a dedicated “Digital Asset Economic Zone” pilot in 2026, offering tax incentives and streamlined licensing for blockchain companies that establish headquarters or mining facilities in underdeveloped regions.

Coordinating Minister for Economic Affairs Airlangga Hartarto stated during the report launch: “Crypto is no longer a fringe activity in Indonesia; it is a strategic sector that can accelerate financial inclusion and create high-value employment for our youth.”

A Model for Emerging APAC Economies

If the $16.5 billion projection is realized, crypto would contribute roughly 1.2–1.5% of Indonesia’s total GDP by 2030, comparable to the current impact of the palm-oil export industry.

Industry leaders see the numbers as conservative. With planned upgrades to cross-border stablecoin corridors for migrant workers in Singapore, Malaysia, and the Middle East, plus growing interest from state-owned enterprises in tokenized commodities, many believe the true figure could climb far higher.

From street-level traders in Jakarta using crypto wallets to geothermal miners in Sulawesi, Indonesia is demonstrating that large emerging markets can transform grassroots adoption into measurable national wealth.

The $16.5 billion headline is just the beginning.

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