Genius Group shares litigation gains with investors and buys Bitcoin


The company said Genius Group, an AI-powered Edtech company, plans to distribute potential bonuses to shareholders and use a portion to expand its Bitcoin treasury.

In a press release on Thursday, the board of directors of the Genius Group Officially recognized Repurposing the allocation plan of the two lawsuits to demand more than $1 billion in damages.

A lawsuit has been filed under the Blackmail and Corrupt Organization Act (RICO), which calls for losses of more than $750 million to LZGI International. Genius Group CEO Roger Hamilton said the second has not been submitted yet.

Hamilton said the company is expected to claim at least $262 million based on 2023 data, and updated data may increase that amount to account for damages in 2024 and 2025.

Hamilton said the lawsuits were intended to recover damage caused to shareholders by the defendants.

“The board believes that 100% of any gains from successful outcomes in these cases should be distributed directly or reinvested to benefit shareholders,” he said.

source: Roger Hamilton

Split the lawsuit into equal half win

According to Hamilton, 50% of the bonus will be distributed as special dividends among shareholders, while the other half will be redirected to the company’s Bitcoin (BTC) Ministry of Finance.

If the company wins two legal battles, shareholders will receive a dividend of $7 per share, while Genius will buy and add a treasury of 5,000 BTC at the current market price, about $107,000 per Bitcoin.

Related: Vaneck warns: Why Bitcoin Treasury companies can face capital erosion

Future court bonuses will also comply with the distribution plan. However, the company clarified that there is no guarantee that any victory or expenditure will be won in either case.

Bitcoin accumulation carnival funis group

On June 17, QueNIS Group Extend its company Bitcoin Treasury by over 50% After a series of BTC acquisitions. The company aims to acquire 1,000 BTC for its company’s Treasury Department.

Genius group is temporarily banned From selling stocks, raising funds and using investor funds to buy Bitcoin, this is Lift up in a month.