Bitcoin Believers Who Lasted 16 Months Just Sold Every Coin to Survive
Genius Group (GNS) bought its total Bitcoin (BTC) treasury of 84.15 BTC on April 1, 2026, totally repaying $8.5 million in debt and leaving the corporate with zero BTC on its steadiness sheet.
The Singapore-based AI-powered schooling firm adopted its Bitcoin-first technique on November 12, 2024, simply days after the US presidential election, committing to maintain 90% or extra of its reserves in BTC.
Genius Group Moves From 440 BTC to Zero
The exit marks the top of a 16-month run as one of many earliest post-election company BTC treasury adopters.
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Genius Group’s BTC accumulation peaked at roughly 440 BTC by early 2025. Based on present rankings, this could place the agency among the many top 70 public companies holding BTC.
The firm tied its treasury technique instantly to its id as an AI-powered schooling group. They framed BTC as its main reserve asset alongside workforce coaching and experiential studying applications.
The unraveling started when a US court docket order blocked the corporate from elevating capital or issuing new shares.
That authorized constraint eliminated the corporate’s skill to fund operations with out tapping its BTC holdings. Sales proceeded in phases relatively than in a single transaction.
By February 6, 2026, Genius Group held precisely 84.15 BTC after promoting roughly 96 BTC between late December 2025 and early February 2026.
The partial gross sales diminished a BTC-backed mortgage from roughly $8.5 million to round $3.3 million earlier than the ultimate liquidation cleared the steadiness fully.
Debt Pressure Forces the Exit
The last BTC sale occurred throughout Q1 2026 and was accomplished earlier than March 31. The firm announced zero holdings on April 1 alongside its Q1 outcomes, confirming the complete debt reimbursement.
The exit got here at a loss. Genius Group’s common BTC value foundation sat close to $102,000 per coin from earlier accumulation. Meanwhile, costs in the course of the Q1 sale interval ran softer, round $66,500.
Despite the treasury wipeout, the corporate’s core operations confirmed development. Q1 2026 operational income reached $3.3 million, up 171% from $1.2 million in Q1 2025.
Gross revenue grew 228% to $2.0 million, and gross margin improved to 62% from 52% a yr earlier. Adjusted EBITDA from operations turned constructive at $600,000, in contrast to unfavorable $400,000 in Q1 2025.
CEO Roger Hamilton attributed the operational enchancment to a strategic deal with higher-margin education schemes throughout Genius School, Genius Academy, and Genius Resorts.
“Our first quarter marks a major milestone for Genius Group. It reveals that our deal with three income drivers – Genius School, Genius Academy, and Genius Resorts – is paying off, with our operational income getting shut to tripling year-on-year,” read an excerpt within the announcement, citing founder and CEO Roger
A Pause, Not an Exit
Genius Group framed the BTC liquidation as a short lived measure relatively than a everlasting reversal of technique.
The firm acknowledged it would recommence constructing its Bitcoin treasury when it believes market circumstances are extra favorable.
Hamilton has accrued 5.5 million firm shares since 2024, a sign administration cited as an indication of confidence within the firm’s longer-term route.
The firm additionally pointed to continued growth of its Genius City undertaking in Bali, a mixed schooling and residential hub, as a part of its broader Southeast Asia development plan.
Whether the corporate can rebuild a BTC treasury place with out the fundraising constraints that pressured the selldown will rely on the decision of its ongoing authorized proceedings and BTC worth circumstances on the time of any renewed accumulation.
The publish Bitcoin Believers Who Lasted 16 Months Just Sold Every Coin to Survive appeared first on BeInCrypto.
