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Genius Group to split $1B lawsuit proceeds between shareholders and its Bitcoin treasury

  • 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.

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