Listed company Genius Group Limited (NYSE: GNS) today announced that it has purchased 110 bitcoins for $10 million, with an average price of $90,932 each, marking the official establishment of the company's bitcoin reserve. The purchase is understood to follow the company's announcement on November 12 of its "Bitcoin First" strategy, which commits to holding 90 per cent or more of its existing and future reserves in Bitcoin, with an initial target of $120 million. Today's purchase is the first in a series of ongoing purchases the company intends to make to achieve its goal.