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

AI and cryptocurrency company Genius Group disclosed on Tuesday that it sold all of its remaining Bitcoin in the first quarter to pay off debts. The company stated that it would rebuild its Bitcoin inventory when market conditions are more favorable.

This move contradicts its "Bitcoin First" strategy announced in November 2024, when the company committed to holding over 90% of its current and future reserves in Bitcoin. As of March 2026, Genius Group held 84 BTC, worth approximately $5.7 million, with its holdings declining since April 2025, when a U.S. court temporarily prohibited it from expanding its Bitcoin inventory.

The company reported strong performance in the first quarter, with revenue increasing by 171% year-on-year to $3.3 million, gross profit rising by 228% to $2 million, and net profit turning from a loss of $500,000 in the first quarter of 2025 to a profit of $2.7 million. In 2026, several companies have reduced their Bitcoin inventories. MARA Holdings sold 15,133 BTC in March, cashing out approximately $1.1 billion to repurchase convertible bonds; Bitdeer cleared all of its 943 BTC holdings in February; Cango Inc. sold 4,451 BTC; GD Culture Group confirmed the authorized sale of part of its inventory.

In contrast, Michael Saylor's Strategy has accumulated 89,581 BTC this year, worth approximately $6.1 billion.