Genius Group plans to split lawsuit wins between shareholder dividends and Bitcoin, aiming to share potential legal windfalls with shareholders and invest more in Bitcoin.
The company is pursuing two lawsuits seeking over $1 billion in damages, one alleging violations under the RICO Act and seeking over $750 million, and the other focusing on naked short-selling and spoofing activities.
If successful, proceeds from the lawsuits will be evenly split, with 50% allocated as dividends to shareholders and 50% used to acquire Bitcoin, potentially offering shareholders up to $7 per share in returns.
Genius Group has increased its Bitcoin holdings and aims to grow them to 1,000 BTC, viewing Bitcoin as a long-term treasury asset and a hedge against inflation, although legal uncertainties remain around the lawsuits.