Genius Group has sold the remaining BTC and will consider restarting its Bitcoin reserve strategy in the future.

MeNews · 2026-04-08T05:44:43+00:00

ME News Report, April 1 (UTC+8), U.S. publicly traded company Genius Group (GNS) released its Q1 2026 financial report (ending March 31). The company has sold all its Bitcoin reserves and fully repaid approximately $8.5 million in debt through a debt restructuring, stating that it will restart Bitcoin reserve accumulation once market conditions improve. Financially, the company performed strongly in Q1: revenue of $3.3 million, a 171% increase year-over-year (from $1.2 million); gross profit of $2 million, a 228% increase year-over-year (from $600k); net profit of $2.7 million. The company attributes the growth mainly to its three main business lines (Genius

MeNews

2026-04-08 05:44:43

ME News message. On April 1 (UTC+8), publicly traded U.S. company Genius Group (GNS) released its 2026 first-quarter earnings report (for the period ended March 31). The company has sold all of its Bitcoin reserves and fully repaid approximately $8.5 million in debt through debt restructuring, stating that it will restart building Bitcoin reserves after the market environment improves. On the financial side, the company delivered strong results in the first quarter: revenue of $3.3 million, up 171% year over year ($1.2 million); gross profit of $2.0 million, up 228% year over year ($0.6 million); and net profit of $2.7 million. The company said that the growth in performance is mainly driven by the comprehensive expansion of its three main business lines (Genius School, Academy, Resorts). (Source: ChainCatcher)

BTC4.5%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.