{"id":7760,"date":"2025-01-15T10:18:50","date_gmt":"2025-01-15T10:18:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7760"},"modified":"2025-01-15T10:18:50","modified_gmt":"2025-01-15T10:18:50","slug":"corporate-bitcoin-adoption-forges-ahead-as-more-listed-firms-ride-the-wave","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7760","title":{"rendered":"Corporate Bitcoin Adoption Forges Ahead as More Listed Firms Ride the Wave"},"content":{"rendered":"<div>\n<p>Bitcoin (BTC) adoption by U.S.-listed public companies continues in full steam.<\/p>\n<p>The latest purchase comes from NYSE-listed Genius Group (GNS). On Jan. 10, <a href=\"https:\/\/ir.geniusgroup.net\/news-events\/press-releases\/detail\/167\/genius-group-increases-bitcoin-treasury-to-35-million\" target=\"_blank\">GNS reported<\/a> increasing its bitcoin holding to $35 million, which was ahead of its scheduled target of $120 million. In the process, it acquired 372 BTC at an average price of $94,047 per bitcoin. The first announcement came on Nov. 12, when it announced its &#8220;Bitcoin-first&#8221; strategy.<\/p>\n<p>On Tuesday, GNS also reported a <a href=\"https:\/\/ir.geniusgroup.net\/news-events\/press-releases\/detail\/168\/genius-group-announces-33-million-rights-offering-to\" target=\"_blank\">rights offering<\/a>, allowing shareholders to purchase additional shares at discounted prices. If fully subscribed, the rights offering could generate $33 million. GNS founder and CEO Roger Hamilton intends to buy join in the rights offering and buy 500,000 shares.<\/p>\n<p>The firm is also pursuing loan finances to accumulate bitcoin. Shares of GNS closed 7% higher on Tuesday.  <\/p>\n<p>Apart from GNS, Nasdaq-listed <a href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/1\/13\/3008595\/0\/en\/Ming-Shing-Group-Holdings-Limited-Announces-Subsidiary-Lead-Benefit-HK-Limited-Purchased-500-Bitcoins.html\" target=\"_blank\">Ming Shing Group (MSW)<\/a>, a wet trades works service provider, also purchased 500 BTC at an average price of $94,375 per bitcoin. MSW shares were up 43% higher year-to-date. <\/p>\n<p>The new wave of bitcoin treasury adoption surges ahead with four publicly traded companies announcing bitcoin buys and seven companies announcing a strategy, but no acquisition.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/64eb7fb70bc8a39c438582a8e967ab36d423135f-976x1302.png\" alt=\"\"><\/p>\n<p>Disclaimer: This article, or parts of it, was generated with assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to <a href=\"https:\/\/www.coindesk.com\/ethics\" target=\"_blank\">our standards<\/a>. For more information, see <a href=\"https:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\" target=\"_blank\">CoinDesk\u2019s full AI Policy<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) adoption by U.S.-listed public companies continues in full steam. The latest purchase comes from NYSE-listed Genius Group (GNS). On Jan. 10, GNS reported increasing its bitcoin holding to $35 million, which was ahead of its scheduled target of $120 million. In the process, it acquired 372 BTC at an average price of $94,047 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-7760","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7760"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7760\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}