This Stock Surges Over 20% In Pre-Market Following 66% Gains In Previous Session After Embracing Bitcoin As Treasury Asset
Posted On November 13, 2024
Genius Group Limited (NYSE:GNS) experienced a significant boost in its stock value, climbing 20% in pre-market trading on Wednesday, as per Benzinga Pro. This surge followed the company’s announcement to adopt Bitcoin (CRYPTO: BTC) as its main treasury asset. As per a press release, Genius Group plans to allocate 90% of its current and future reserves to Bitcoin.
The Singapore-based company’s shares initially soared by 50% before stabilizing at a 10% increase from Monday’s close, trading at $0.70 per share. Genius Group intends to acquire $120 million worth …
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