GNS News & Events

Genius Group announced that it has bought back 6.6M Class A ordinary shares in a privately negotiated off-market transaction with a non-affiliated private holder, representing 50% of the 13.2M share buyback authorized by the company's board of directors on June 7. The repurchase was executed in a privately negotiated transaction at a price below the recent trading price of the company's Class A ordinary shares on the NYSE American, providing immediate accretion to the company's net asset value per share for the benefit of remaining shareholders. Further to the buyback, the company will cancel the 6.6M shares in accordance with applicable Singapore and U.S. requirements, reducing the company's issued share capital accordingly.

Tom Lee's Bitmine Immersion Technologies crosses 5.54M ether representing 4.59% of total circulating supply, Strategy adds bitcoin at $65,332 per coin to bring holdings above 845,000, Twenty One Capital restores NYSE audit compliance, and Bullish reports $32.9B in May trading volume. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.BITMINE CORNERS ETH SUPPLY:Bitmine Immersion Technologiesdisclosed holdings of 5,543,872 ethervalued at $1,630 per token as of June 7, alongside 204 bitcoin, $247M in cash, a $180M stake in Beast Industries, and an $88M stake in Eightco Holdings, placing total crypto and cash holdings at approximately $9.6B, according to. The 5.54M token position represents 4.59% of total circulating ether supply, a concentration level with no prior precedent among publicly traded corporate treasuries, and the company's cash balance fell approximately $199M week-over-week, indicating active ongoing accumulation rather than passive holding.STRATEGY ADDS 1,550 BTC:, Strategyrevealed the acquisition of 1,550 bitcoin for approximately $101M at an average price of $65,332 per coin, lifting total holdings to 845,256 bitcoin and raising the company's USD Reserve to $1B. The purchase arrived one week after Strategy sold 32 BTC, reinforcing a buy-the-dip execution pattern that has defined the company's treasury operations through each period of price softness. Doubling payout frequency on the STRC instrument expands its yield-appeal to income-focused holders and adds another capital-markets lever to the company's ongoing bitcoin accumulation engine.TWENTY ONE RESTORES NYSE COMPLIANCE:Twenty One Capital, the bitcoin treasury vehicle holding more than 43,500 bitcoin, appointed Paul Lalljie as an independent director and audit committee member, restoring the NYSE audit committee independence requirement that became impaired when SoftBanksold 89,106,748 Class A shares to Tether International on May 19, causing SoftBank's two board representatives to resign and dropping the audit committee below the two-independent-member threshold required by NYSE Rule 303A.07a,. Lalljie's compensation is set at a $150,000 cash retainer plus $150,000 in annual stock awards.BITGO MENA GOES LIVE:BitGo Holdingsconfirmed its VARA-regulated MENA subsidiary activated full electronic trading services for digital assets across the Middle East and North Africa, sourcing liquidity from multiple exchanges and providers to serve institutional clients in the region, according to. The launch extends BitGo's regulated custody footprint into a region where sovereign wealth and family office demand for licensed crypto infrastructure has outpaced provider supply.BULLISH VOLUME SOFTENS:Bullishdisclosed May unaudited exchange metrics showing total trading volume of $32.9B including $30B in spot, with an average spread of 2.23 basis points, average bitcoin volatility at 28%, and average ether volatility at 36%, according to. Bitcoin spot volume on the exchange came in at $16.8B for May, down from $20.9B in April, continuing a softening trend in digital asset trading activity that has pressured exchange-revenue comps across the industry.GENIUS BUYBACK AND NAVPS:Genius Grouprevealed its board authorized repurchase of up to 13.2M Class A shares representing 100% of the remaining 2025 AGM mandate expiring June 30, and formally adopted NAV per share, or NAVPS, as its primary reporting metric, with the most recently audited NAVPS standing at 60c as of FY25 year-end, citing shares trading at a meaningful discount to that figure,. The NAVPS adoption is a direct public signal that management views the current share price as an undervaluation, making the buyback both a capital return mechanism and a rerating call before the mandate's June 30 expiration.PRICE ACTION:As of time of writing, bitcoin was trading at $63,588.02, while ether was trading at approximately $1,680.06,.

SoFi Technologies made history as the first U.S. national bank to put a chartered stablecoin directly into consumers' hands, opening SoFiUSD to nearly 15M app users for buy, sell, hold, and convert, a structural milestone that redraws the competitive map for fintechs, traditional banks, and stablecoin issuers alike. On the treasury front, DDC Enterprise and Genius Group both added to or expanded their bitcoin strategies. In infrastructure, TeraWulf closed a 1 GW-capable Kentucky data campus acquisition and IREN committed approximately $1.6B to Dell Technologies for Blackwell GPU hardware to power a $3.4B AI cloud contract. Streamex and Orca went live with 24/7 on-chain secondary market trading for a tokenized gold security on Solana, an early proof-of-concept for always-on real world asset liquidity. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.SOFI'S STABLECOIN GOES LIVE:SoFi Technologiesmade SoFiUSD available to its nearly 15M app members for buy, sell, hold, and convert functions inside the SoFi app, with full rollout expected by early June,confirmed. The stablecoin is issued under SoFi's national bank charter, giving it a regulatory distinction no other consumer stablecoin currently holds. The bank-charter backing separates SoFiUSD from non-bank stablecoin issuers such as Circle'sUSD Coinand Tether, placing SoFi Technologies at the intersection of the pending GENIUS Act stablecoin framework and the chartered-bank regulatory channel.framed the key investor question as whether mass retail adoption will materialize for a bank-digital-dollar product competing against embedded fintech wallets already in users' daily flows.BITCOIN TREASURY MOVES:DDC Enterprisedisclosed its second bitcoin purchase in seven days, adding 131 bitcoin to bring its corporate treasury to 2,714 bitcoin, with no new common shares issued in connection with the buy,revealed. The sequential non-dilutive accumulation lifted bitcoin per 1,000 DDC Enterprise shares by 5.1% to 0.057053, a per-share bitcoin yield metric DDC Enterprise has adopted directly from the Strategyplaybook.Genius Groupalso moved, with its board approving a dual bitcoin and AI treasury model targeting an initial $100M deployment into a pre-IPO portfolio it calls the AGI Infinity Portfolio, with a five-year target of $800M,announced, naming SpaceX, OpenAI, Anthropic, Figure AI, Replit, Anduril, and Databricks as target exposures.MINER AND INFRASTRUCTURE EXPANSION:TeraWulfclosed the acquisition of the Muskie Data Campus in eastern Kentucky from Industrial Equity Partners effective May 22, adding a 285-acre site capable of supporting more than 1 GW of AI/HPC data center capacity,disclosed. Kentucky Power, a unit of American Electric Power, is constructing a 345 kV substation connected to the 765 kV transmission backbone, with the first 500 MW tranche targeted for the second half of 2028 and the next 500 MW for the second half of 2030.IRENentered into an approximately $1.6B purchase agreement with Dell Technologiesfor air-cooled NvidiaBlackwell GPU systems to service its previously announced $3.4B five-year managed services AI cloud contract,revealed. The systems will deploy at IREN's Childress, Texas campus with commissioning targeted for early 2027, at which point the company expects its AI cloud annualized recurring revenue to rise from $3.7B to $4.4B.TOKENIZED ASSETS GO 24/7:Streamexand Solana-based automated market maker Orca launched continuous decentralized secondary market trading for GLDY, a gold-backed, yield-bearing tokenized security,. The structure provides institutional on-chain liquidity around the clock through a real-world asset tokenization model that bypasses traditional exchange hours. The deployment represents an early live example of the tokenized-security infrastructure that large custodians and broker-dealers have been positioning toward, with continuous pricing and settlement removing the settlement-cycle friction that has been a practical barrier for institutional RWA adoption. Solanaserves as the underlying settlement layer.PRICE ACTION:As of time of writing, bitcoinwas trading at $74,894.59, while etherwas trading at $2,059.21,.