The renewed buying activity comes after the May 6 decision by the U.S. Court of Appeals, which overturned a prior order that had blocked Genius Group from acquiring more Bitcoin. That restriction stemmed from a March 13 ruling by a New York District Court, which issued a preliminary injunction and temporary restraining order in connection with a legal dispute surrounding the company\u2019s merger with Fatbrain AI. <\/p>\n
Now that the company can resume buying Bitcoin, it has reaffirmed its long-term goal of building a 1,000 BTC treasury:<\/p>\n
\n\u201cWe\u2019re pleased to be able to have regained the right to manage our company\u2019s capital in the way our Board and shareholders sees fit. Our 100 Bitcoin milestone is a significant step towards our 1,000 Bitcoin target,\u201d CEO Roger Hamilton said in the announcement.<\/p>\n<\/blockquote>\n
The development comes amid a broader wave of corporate Bitcoin adoption. Earlier today, The Blockchain Group announced that it had raised an additional \u20ac7.2 million (about $7.7 million) to advance its goal of becoming Europe\u2019s leading Bitcoin treasury firm. <\/p>\n
In Japan, Metaplanet recently hit its 2025 target of 10,000 BTC following a fresh purchase of 1,112 BTC. In the U.S., Michael Saylor\u2019s Strategy keeps expanding its BTC treasury, recently adding another 10,100 BTC.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
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