Genius Group is back on the Bitcoin treasury map after a US court decision lifted the legal block that had kept the company on the sidelines. The trigger was a ruling by the US Court of Appeals for the Second Circuit on August 31, vacating an injunction that had prevented Genius Group from issuing shares, raising capital, and purchasing Bitcoin. With the restriction gone, management restarted its treasury plan, announcing that it bought 10 Bitcoin between October 2 and October 5 for roughly $854,000, an average price of $85,364 per coin.
This is not a balance-sheet transformation in the mold of bigger names like MicroStrategy or Tesla. For Genius Group, the 10-Bitcoin buy is a restart signal rather than a market-moving source of demand. Management has framed the renewed buying as a recommencement of its strategy, with a near-term target of 1,000 Bitcoin.
For now, the main takeaway is about governance and access: the court’s decision has allowed Genius Group to move again, and this initial purchase marks a symbolic re-entry. The key to watch from here is whether more substantial and recurring buys follow, signaling a fully operational strategy.