Genius Group Limited has increased its Bitcoin Treasury to $35 million. 

This purchase surpassed its milestone ahead of schedule in its ongoing effort to amass $120 million in Bitcoin holdings, according to a company release.

The latest purchase comes just two months after the Singapore-based, AI-powered education company announced its “Bitcoin-first” strategy in early November.

Genius Group added $5 million worth of Bitcoin (BTC) purchases, bringing its total holdings to 372 BTC at an average acquisition price of $94,047 per Bitcoin.

As of Jan. 9, the company’s Bitcoin Treasury was valued at $35 million, reflecting the current Bitcoin price of around $94,000.

With Genius Group’s market capitalization at $42 million, its BTC-to-price ratio stands at 83%.

Genius Group’s additional loan 

To further grow its Bitcoin Treasury, Genius Group has increased its loan with Arch Lending from $10 million to $14 million, maintaining a loan-to-value ratio of 40%, according to the release.

The company is heavily leveraging crypto-backed loans to fund its reserves without selling Bitcoin, in line with its strategy of allocating 90% or more of its reserves to Bitcoin.

Genius Group, which integrates AI solutions into education, views Bitcoin as a key component of its financial strategy. CEO Roger Hamilton has compared the company’s approach that of other publicly traded firms that have adopted Bitcoin as a reserve asset, emphasizing its potential as a “store of value” in the digital economy.

The firm’s “Bitcoin-first” strategy aligns with its broader plans to incorporate blockchain technology into its AI-powered educational platforms. These plans include implementing on-chain certifications and reward systems using Bitcoin’s Lightning Network.

SAFE, the native token of Safe Wallet, surged 20% as Bithumb listed the token on its platform.

Safe (SAFE) rose to $1.10 on Jan. 10, marking a 20% surge from its monthly low of $0.924 while bringing its market cap to nearly $600 million at the time of writing.

The altcoin’s rally occurred in a high-volume environment. Its daily trading volume surged by 429%, climbing from $15 million early Thursday morning to over $80 million.

Despite the recent rally, the altcoin still holds significant growth potential, considering that SAFE’s price remains 69% below its all-time high of $3.56 in April last year.

SAFE rallied as Bithumb, a major South Korea-based crypto exchange, announced it would add a KRW trading pair for the SAFE token on Jan. 10, along with SONIC and AHT tokens.

A SAFE/KRW trading pair will allow direct trading between the SAFE token and the South Korean won, making it more accessible to a wider audience, particularly in the South Korean market.

Typically, a listing on a premier South Korean exchange such as Upbit or Bithumb results in a strong rally in the related token. One such instance was reported earlier in October last year when SAFE secured a listing on Upbit, leading to a 72% surge in just one day. 

SAFE also rallied as a result of increased demand among its derivatives traders. According to CoinGlass, open interest for SAFE in the futures market surged by 151% over the past day, reaching $19.5 million, much higher than the $5.5 million recorded at the beginning of the year.

However, it’s important to note that rallies following exchange listings often face a reversal as investors sell their holdings to secure profits. Notably, data from CoinGlass shows that over $5.96 million SAFE was sent to centralized exchanges on Dec. 10, compared to the $5.65 million withdrawn.

Additionally, the weighted funding rate for SAFE at press time was -0.6690%, which means short sellers were dominating the market, with more traders betting on its price to dip lower.

Such levels also increase the possibility of a short squeeze if the price reverses upwards, potentially forcing short positions to close.

At press time, SAFE had wiped most of its gains, falling 7% from its daily high, and was trading at $1.01 per coin.

Economist and trader Alex Krüger is leaning bullish on Bitcoin (BTC) even as the flagship crypto asset hovers around 14% below the all-time high.

In a new episode of the Unchained podcast, Krüger says that Bitcoin has more upside potential and is not even “remotely” close to the cycle top.

According to the economist and trader, the approval of spot Bitcoin exchange-traded funds (ETFs) in January of 2024 could result in the crypto king no longer following the usual four-year cycles that revolve around the halving.

“I think that what happened is the introduction of the ETF and the flows which are significant, they tie together and they make the correlation between risk and Bitcoin more sustainable. So that’s why I’m not thinking about a cycle top…

…at the same time market conditions for Bitcoin they are changing because the impact of the halving is lesser and we have ETFs now. So I am on the super cycle side of things.”

Krüger, however, says that a supercycle doesn’t mean that “we go up only.”

“It means that we have shorter [corrections]… for as long as equities do well and the economy does well, that may not be the same but they are usually the same. We have smaller drawdowns that last for shorter [periods of time].”

Bitcoin is trading at $93,134 at time of writing, around 10% below the 2025 high of about $102,000.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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