Genius Group sold its Bitcoin to cover debt while posting strong financial growth, joining other firms in asset liquidation.
Genius Group, an AI and education company, announced it sold its remaining Bitcoin holdings in the first quarter to pay off $8.5 million in debt, as stated in their recent report.
The company held 84 BTC valued at approximately $5.7 million as of March 2026, but these holdings have now fallen to zero following the liquidation.
Financial Performance Amid Market Challenges
Despite the sale, Genius Group reported significant growth, with revenue increasing 171% year-on-year to $3.3 million and gross profit rising 228% to $2 million in the first quarter.
The firm shifted from a $500,000 operating loss in the first quarter of 2025 to a $2.7 million net profit in the first quarter of 2026, according to their announcement.
This liquidation adds to a broader pattern in 2026, where companies like MARA Holdings sold 15,133 BTC for about $1.1 billion, reducing its treasury and dropping to third largest behind Twenty One Capital.
Other firms, including Bitdeer, which liquidated its 943 BTC holdings in February, and Cango Inc., which sold 4,451 BTC, have also offloaded assets recently.
In contrast, MicroStrategy continued buying Bitcoin, acquiring 89,581 BTC worth around $6.1 billion this year, making it the largest corporate holder and bucking the liquidation trend.