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Genius Group sold Bitcoin to repay debt, ending its reserve strategy.
Genius Group sold its remaining 84 Bitcoin, worth about $5.7 million, to repay $8.5 million in debt, ending its strategy to build a Bitcoin reserve.
The sale follows a court ruling and a 53% stock drop.
This move highlights the risks for companies without strong balance sheets, contrasting with firms like GameStop that kept their holdings during market stress.
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Genius Group vendió Bitcoin para pagar su deuda, poniendo fin a su estrategia de reserva.