INSUBCONTINENT EXCLUSIVE:
Artificial intelligence-driven edtech firm Genius Group plans to distribute potential winnings from billion-dollar lawsuits to shareholders
and use a portion to expand its Bitcoin treasury, the company said.In a Thursday press release, the board of directors at Genius Group
approved the distribution plan for repurposing any wins from two lawsuits that seek combined damages of more than $1 billion.One lawsuit has
been filed under the Racketeer Influenced and Corrupt Organizations Act (RICO), which seeks damages of over $750 million against LZGI
account for damages in 2024 and 2025.Hamilton said that the lawsuits aim to recover damages caused to the shareholders by the
Bitcoin (BTC) treasury.If the company wins both legal battles, shareholders will receive a dividend of $7 per share, and Genius will buy and
add 5,000 BTC to its treasury at current market prices of about $107,000 per Bitcoin.Related: VanEck warns: Why Bitcoin treasury companies
could face capital erosionFuture court winnings will also be subject to the distribution plan
spreeOn June 17, Genuis Group expanded its corporate Bitcoin treasury by more than 50% after making a series of BTC acquisitions
The company aims to acquire 1,000 BTC for its corporate treasury.Genius Group was temporarily banned from selling shares, raising funds and
using investor funds to buy Bitcoin, which was lifted after a month.Magazine: North Korea crypto hackers tap ChatGPT, Malaysia road money
