Genius Group Plans Major Bitcoin Expansion Through Legal Proceeds
Genius Group, an artificial intelligence-driven education technology company, has announced a strategic initiative to potentially expand its Bitcoin holdings using proceeds from ongoing billion-dollar lawsuits. This approach could significantly increase its cryptocurrency reserves by up to 5,000 BTC, demonstrating a proactive corporate strategy in digital asset adoption.
Legal Proceedings and Cryptocurrency Strategy
The company is currently pursuing two separate legal actions with combined claims exceeding $1 billion. The first lawsuit, filed under the Racketeer Influenced and Corrupt Organizations Act (RICO), seeks $750 million in damages from LZGI International. A second action, yet to be filed, may demand at least $262 million based on 2023 financial data. Roger Hamilton, Chief Executive Officer of Genius Group, emphasized these efforts aim to compensate shareholders for alleged damages.
- Half of any awarded funds would be distributed to shareholders as special dividends
- The remaining half would be allocated to purchasing Bitcoin, potentially adding 5,000 BTC to corporate reserves
Corporate Trend in Digital Asset Holdings
This initiative reflects a broader movement among corporations to incorporate Bitcoin into their treasury management strategies. While legal outcomes remain uncertain, Genius Group positions itself at the forefront of institutional cryptocurrency adoption through this innovative approach.
