Corporate Bitcoin Adoption Soars: Four Firms Make Major Purchases!

Corporate Bitcoin Adoption Forges Ahead as More Listed Firms Ride the Wave

Bitcoin (BTC) adoption by U.S.-listed public companies continues at full speed. Recently, four firms announced significant bitcoin purchases, while seven others revealed strategies without acquisitions.

Recent Bitcoin Purchases

The latest major purchase comes from NYSE-listed Genius Group (GNS). On January 10, GNS disclosed that it had increased its bitcoin holding to $35 million, surpassing its initial target of $120 million. In this acquisition, the company purchased 372 BTC at an average price of $94,047 per bitcoin. This was part of their "Bitcoin-first" strategy announced on November 12.

In addition, GNS also reported a rights offering that allows shareholders to purchase additional shares at discounted prices, potentially generating $33 million if fully subscribed. GNS founder and CEO Roger Hamilton plans to buy 500,000 shares in this offering. Shares of GNS closed 7% higher following this news.

Other Notable Acquisitions

Alongside GNS, Nasdaq-listed Ming Shing Group (MSW), a wet trades service provider, also made headlines by purchasing 500 BTC at an average price of $94,375 per bitcoin. MSW shares have seen a 43% increase year-to-date.

The new wave of bitcoin treasury adoption continues to surge, with four publicly traded companies making bitcoin purchases and seven companies announcing strategies without acquisitions.

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