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

Mars Finance reports that on Tuesday, the AI and crypto company Genius Group disclosed that it sold all of its remaining bitcoins in the first quarter to repay its debts. The company said it will rebuild its bitcoin inventory when market conditions are more favorable. This goes against its “Bitcoin-first” strategy announced in November 2024, when the company pledged to hold more than 90% of its current and future reserves in the form of bitcoin. As of March 2026, Genius Group held 84 BTC, worth about $5.7 million; its holdings have been steadily declining since April 2025, when a U.S. court had temporarily barred it from expanding its bitcoin inventory. The company delivered strong first-quarter results: revenue rose 171% year over year to $3.3 million, gross profit increased 228% to $2.0 million, and net profit swung from a loss of $0.5 million in the first quarter of 2025 to a profit of $2.7 million. In 2026, several companies have already reduced their bitcoin inventory. MARA Holdings sold 15,133 BTC in March, raising about $1.1 billion to repurchase convertible notes; Bitdeer liquidated its entire 943 BTC position in February; Cango Inc. sold 4,451 BTC; and GD Culture Group confirmed it has authorized the sale of part of its inventory. In contrast, Michael Saylor’s Strategy has already accumulated purchases of 89,581 BTC this year, worth about $6.1 billion.