Genius Group Eyes Bitcoin Buys Backed by Lawsuit Wins
The post Genius Group Eyes Bitcoin Buys Backed by Lawsuit Wins appeared on BitcoinEthereumNews.com. Genius Group pursues over $1B in damages via two lawsuits. Potential $7/share dividend if lawsuits succeed. Company targets 5,000 BTC for its Bitcoin treasury. The Singapore-based AI-driven education company Genius Group, listed on the NYSE American, revealed a strategic decision to use a half of prospective winnings of two billions dollars lawsuits on dividends between its shares owners and to acquire Bitcoin to add them to its corporate treasury. In these claims, the corporation is aiming for damages exceeding $1 billion. Lawsuits Target Significant Damages In the United States District Court, Southern District of Florida, genius group filed a racketeer-Enhanced and corrupt organizations Act (RICO) lawsuit against the individuals associated with LZGI international, with damages above 750 million. The lawsuit claims that the company was defrauded causing losses to it and the shareholders. The second suit, a pending one, is against pure naked short selling and spoofing, estimated between 2023 figures of USD251.3 million and 262.7 million in damages, possibly even more as of 2024 and into 2025 numbers. CEO Roger Hamilton stressed that the lawsuits are meant to regain losses as they impact directly on shareholders. According to him, all gains made on such cases will avail immediately to our investors either in dividend form or as an element into our Bitcoin treasury. The firm explained that there are no assurances of success related to these suits or the amount of or schedule of any recoveries. Bitcoin Treasury Expansion Strategy In the case of success, Genius Group will pay 50 percent net proceeds as a special dividend to the shareholders valued at approximately 7 dollars. The rest 50% will be spent on the acquisition of Bitcoins aiming at getting 5,000 BTC at the current market value of about 107,000 dollars each. This would go a long way into upholding…
The post Genius Group Eyes Bitcoin Buys Backed by Lawsuit Wins appeared on BitcoinEthereumNews.com.
Genius Group pursues over $1B in damages via two lawsuits. Potential $7/share dividend if lawsuits succeed. Company targets 5,000 BTC for its Bitcoin treasury. The Singapore-based AI-driven education company Genius Group, listed on the NYSE American, revealed a strategic decision to use a half of prospective winnings of two billions dollars lawsuits on dividends between its shares owners and to acquire Bitcoin to add them to its corporate treasury. In these claims, the corporation is aiming for damages exceeding $1 billion. Lawsuits Target Significant Damages In the United States District Court, Southern District of Florida, genius group filed a racketeer-Enhanced and corrupt organizations Act (RICO) lawsuit against the individuals associated with LZGI international, with damages above 750 million. The lawsuit claims that the company was defrauded causing losses to it and the shareholders. The second suit, a pending one, is against pure naked short selling and spoofing, estimated between 2023 figures of USD251.3 million and 262.7 million in damages, possibly even more as of 2024 and into 2025 numbers. CEO Roger Hamilton stressed that the lawsuits are meant to regain losses as they impact directly on shareholders. According to him, all gains made on such cases will avail immediately to our investors either in dividend form or as an element into our Bitcoin treasury. The firm explained that there are no assurances of success related to these suits or the amount of or schedule of any recoveries. Bitcoin Treasury Expansion Strategy In the case of success, Genius Group will pay 50 percent net proceeds as a special dividend to the shareholders valued at approximately 7 dollars. The rest 50% will be spent on the acquisition of Bitcoins aiming at getting 5,000 BTC at the current market value of about 107,000 dollars each. This would go a long way into upholding…
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