Genius Group's Bold Move: Half of Legal Wins to Shareholders, Half to Bitcoin

Genius Group Splits Legal Settlement Proceeds

Hold onto your hats, crypto fans! Genius Group, the AI-driven education powerhouse from Singapore, just dropped a bombshell on June 26. They're planning to split any future legal settlement cash 50/50 between shareholder dividends and snapping up more Bitcoin for their treasury. Talk about a power move!

Chasing Billions in Damages

This isn't just pocket change we're talking about. Genius Group is in the thick of two monster lawsuits, aiming to bag over a billion bucks. They've already thrown down the gauntlet in Florida's Southern District with a RICO Act lawsuit against former partners and execs, demanding over $750 million. And they're not done yet—another lawsuit is on the horizon, targeting naked short selling and spoofing, with damages starting at $260 million and likely to soar with fresh 2024-2025 trading data.

Sharing the Wealth

If these legal battles pay off, Genius Group is ready to share the love. Half of the net recoveries, after fees and taxes, will go straight to shareholders as a special dividend. The other half? Straight into buying more Bitcoin for the company's war chest.

CEO's Vision for Shareholder Benefit

Roger Hamilton, the mastermind behind Genius Group, had this to say: "As both lawsuits are being pursued by the Company to recover damages caused by third parties directly to our shareholders, the Board believes that 100% of any proceeds from the successful outcome of these cases should be directly distributed or reinvested for the benefit of shareholders." You heard it here first, folks!

Recent Bitcoin Holdings Surge

And get this—Genius Group isn't new to the Bitcoin game. They've been on a buying spree, beefing up their treasury by 52% in the last month alone, thanks to a U.S. court lifting a previous crypto purchase ban. They added 34 BTC to their stash, bringing the total to a cool 100 BTC. These latest buys went down at an average of $100,600 per Bitcoin, clocking in at a whopping $10.06 million investment. With the ban out of the way, CEO Hamilton is dead set on hitting that 1,000 BTC target. Buckle up, it's going to be a wild ride!