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

Genius Group, an AI-powered education company, liquidated its entire Bitcoin (BTC) treasury of 84.15 BTC in April 2026 to repay $8.5 million in debt, leaving its balance sheet with zero BTC. The company adopted a Bitcoin-first strategy in November 2024, accumulating up to 440 BTC, placing it among the top 70 public companies holding BTC. However, a US court order blocking capital raising forced the sale, which occurred in stages and at a loss, as the average cost basis was $102,000 per coin while sale prices were around $66,500. Despite the treasury wipeout, the company reported significant growth in operational revenue and adjusted EBITDA in Q1 2026. CEO Roger Hamilton stated the liquidation was a temporary measure and the company intends to rebuild its Bitcoin treasury when market conditions improve.

(Source：BeInCrypto)