Bitcoin Believers Who Lasted 16 Months Just Sold Every Coin to Survive

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Genius Group (GNS) has officially rid itself of its entire Bitcoin (BTC) stash of 84.15 BTC on April 1, 2026. And no, this isn’t some cruel April Fool’s joke. The sale repaid a massive $8.5 million debt, leaving the company with zero BTC on its balance sheet. Good riddance to that volatile digital ‘treasure,’ right?

The Singapore-based, self-proclaimed “AI-powered education powerhouse” first ventured into the Bitcoin abyss on November 12, 2024, right after the US presidential election. It was a bold declaration to hold a staggering 90% (yes, ninety percent!) of its reserves in BTC. Who needs traditional currency when you’ve got a decentralized gamble, right?

Genius Group: From 440 BTC to… Absolutely Nothing

This grand finale marks the tragic end of a 16-month experiment, one that began when Genius Group naively danced into the world of corporate BTC accumulation shortly after the election. If only the company knew that Bitcoin is a fickle beast.

Genius Group liquidates all $BTC after court order to repay $8.5M debt. CEO vows treasury rebuild soon.

– Be_In_Headlines (@BIC_headlines) April 2, 2026

At its peak in early 2025, Genius Group had about 440 BTC. Doing some quick math, that would have placed them in the top 70 of public companies holding Bitcoin. But alas, the thrill of having digital currency rapidly turned into the agony of watching the value plummet.

The strategy was clear: position BTC as the company’s primary reserve asset, right next to workforce training and experiential learning programs. Because who wouldn’t want to learn about AI while having your financial future tied to a speculative internet currency?

Then came the hammer: a US court order that froze the company’s ability to raise capital or issue new shares. Genius Group, now left with no options, began the painful process of selling off its Bitcoin in stages, rather than in a single heroic move.

By February 6, 2026, the company was left with just 84.15 BTC, having already sold off around 96 BTC between late 2025 and early 2026. And with that, the debt shrank to a still-crippling $3.3 million before the final liquidation wiped it clean.

The Crushing Weight of Debt

The last Bitcoin sale took place during Q1 2026, completed before March 31. On April 1, the company proudly (or perhaps shamefully) announced it had no Bitcoin remaining on its balance sheet, and yes, the debt was officially repaid. So much for that “long-term vision.”

And yes, they sold at a loss. With an average cost basis of $102,000 per BTC, they watched in agony as they sold during a period when Bitcoin’s price hovered around a measly $66,500.

But wait-there’s a silver lining! Despite burning through its entire BTC stash, Genius Group’s operations showed some miraculous growth. Q1 2026 operational revenue jumped 171%, reaching $3.3 million, compared to $1.2 million a year earlier. It’s like a corporate phoenix rising from the ashes, but with less Bitcoin and more spreadsheets.

Gross profit surged by 228% to $2.0 million, and the gross margin improved from 52% to 62%. Even adjusted EBITDA turned positive, at $600,000, compared to a loss of $400,000 last year. All thanks to their “higher-margin” educational programs. Because, you know, education will save the day when you’ve bet it all on Bitcoin.

“Our first quarter marks a significant milestone for Genius Group. It shows that our focus on three revenue drivers – Genius School, Genius Academy, and Genius Resorts – is paying off, with our operational revenue getting close to tripling year-on-year,” said CEO Roger Hamilton in the announcement.

It’s Just a ‘Pause,’ Not an Exit

So, what now? Well, Genius Group frames the BTC selloff as a “temporary measure,” claiming they’ll get back to Bitcoin accumulation when market conditions “improve.” Translation: When Bitcoin goes back up and they have a legal team that doesn’t get in the way of their plans.

In the meantime, Hamilton, who’s apparently feeling lucky, has accumulated 5.5 million company shares since 2024. The company is also pushing forward with its Genius City project in Bali, a “fusion of education and residential bliss” aimed at expanding their influence in Southeast Asia. Perhaps they’ll teach a course on ‘How Not to Bet Your Business on Cryptocurrency.’

Whether Genius Group will rebuild its BTC stash depends on resolving its legal troubles and hoping Bitcoin’s price doesn’t collapse again. Good luck with that, guys.

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2026-04-02 14:48