Genius Group liquidates all Bitcoin holdings to repay $8.5 million debt

BlockBeatNews · 2026-04-02T04:51:08+00:00

Genius Group sold all their Bitcoin in the first quarter to pay off debt and plans to rebuild their reserves when market conditions are favorable. Despite strong performance, they initially committed to holding Bitcoin according to their "Bitcoin First" strategy. While many companies are reducing their Bitcoin holdings, Strategy under Michael Saylor is actively increasing theirs.

BlockBeatNews

2026-04-02 04:51:08

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BlockBeats message, April 2, according to Coingtelegraph: On Tuesday, the AI and crypto company Genius Group disclosed that it sold all of its remaining Bitcoin in the first quarter to repay debt. The company said it would rebuild its Bitcoin inventory when market conditions are more favorable. This move is at odds with its “Bitcoin-first” strategy announced in November 2024, when the company pledged to hold 90% or more of its current and future reserves in the form of Bitcoin.

As of March 2026, Genius Group held 84 BTC, worth approximately $5.7 million. Its holdings have continued to decline since April 2025, when a U.S. court temporarily prohibited it from expanding its Bitcoin inventory. The company reported strong first-quarter performance: revenue rose 171% year over year to $3.3 million, gross profit increased 228% to $2.0 million, and net profit swung from a $0.5 million loss in the first quarter of 2025 to a $2.7 million profit.

In 2026 so far, multiple companies have reduced their Bitcoin inventories. MARA Holdings sold 15,133 BTC in March, raising about $1.1 billion to repurchase convertible notes; Bitdeer cleared its entire 943 BTC holdings in February; Cango Inc. sold 4,451 BTC; GD Culture Group confirmed it had authorized the sale of part of its inventory. In contrast, Michael Saylor’s Strategy has already cumulatively bought 89,581 BTC this year, worth about $6.1 billion.

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