AI Firm Genius Group Follows MicroStrategy, Buys $120M in Bitcoin

Quick Summary:

On November 12, 2024, GNS announced that the firm had adopted Bitcoin (BTC) as its treasury asset.

This announcement suggests that the world is beginning to adopt cryptocurrency, indicating a strong bullish sentiment for the long term.

Following this report and the news of the acquisitions, the BTC price recovered impressively after experiencing a decline of more than 5%.

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Article Details

Author / Journalist: Chandan Gupta

Category: Crypto

Markets: United States

Topics: Crypto news News Price Analysis Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 18:56:10 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 328 words

Reading Time: 2 minutes read

Sentences: 20 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23558203

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 23 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #112

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