Genius Group sells all of its BTC reserves and repays a $8.5 million debt, with first-quarter revenue up 171% year over year

GateNews

2026-04-01 13:00:52

BTC0,49%

Gate News report: On April 1, the U.S.-listed company Genius Group (GNS) released its 2026 Q1 financial results (as of March 31). The company has sold all its Bitcoin reserves and fully repaid approximately $8.5 million in debt through a debt restructuring, stating that it will restart building Bitcoin reserves after the market environment improves. On the financial side, the company’s performance in Q1 was strong: revenue was $3.3 million, up 171% year over year ($1.2 million in the same period last year); gross profit was $2.0 million, up 228% ($0.6 million in the same period last year).

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