Genius Foundation plans to buy GSTOCK and GENIUS for approximately $62,500 each.

BlockBeats news, September 26: Genius Terminal co-founder Ryan Myher announced the voting results on the use of approximately $125,000 in BNB held by the Genius Foundation that cannot be unwrapped (referring to redemption into underlying stocks): 50% will be used to buy GSTOCK, and 50% will be used to buy GENIUS. These funds come from the accumulation of fees from the Genius.fun issuance platform entering the foundation's treasury. The foundation stated it will execute according to the results and announce completion on X.

According to GMGN data, its platform token GENIUS currently has a market cap of $345 million. GSTOCK's market cap has surpassed $24 million, with a 24-hour gain of 24.2% and a trading volume of $8.4 million. The GSTOCK token is paired with BNCB, the on-chain token of BNB treasury company BNC, as its base pool.

BlockBeats reminds users that related token prices are highly volatile, and users should invest cautiously.