Genius Group Liquidates Entire Bitcoin Inventory to Repay $8.5 Million Debt

BlockBeats News, April 2nd, according to Coingtelegraph, AI and crypto company Genius Group revealed on Tuesday that it had sold its entire remaining Bitcoin in the first quarter to repay debt. The company stated that it will rebuild its Bitcoin reserves when market conditions are more favorable. This move contradicts its "Bitcoin-first" strategy announced in November 2024, when the company pledged to hold over 90% of its current and future reserves in Bitcoin.

As of March 2026, Genius Group held 84 BTC, worth around $5.7 million. Its holdings have been decreasing since April 2025 when a U.S. court temporarily banned it from expanding its Bitcoin holdings. The company's performance in the first quarter was strong, with revenue growing 171% year-over-year to $3.3 million, gross profit increasing 228% to $2 million, and net profit turning from a $500,000 loss in Q1 2025 to a $2.7 million profit.

In 2026, several companies have been reducing their Bitcoin reserves. MARA Holdings sold 15,133 BTC in March, raising about $1.1 billion for convertible bond repurchases; Bitdeer liquidated its entire 943 BTC holdings in February; Cango Inc. sold 4,451 BTC; GD Culture Group confirmed authorized sales of part of its inventory. In contrast, Michael Saylor's Strategy has accumulated 89,581 BTC this year, worth around $6.1 billion.