- 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 current holdings the company already has in Bitcoin, which increased by 52 percent to 100 BTC as of May 6, 2025, following a decision made by the United States Court of Appeals, which removed a previous ban on crypto purchases.
The recent purchases of Bitcoin by the company, summing up to $10.06 million at an average rate of $100,600 per BTC, exhibit its adherence to the Bitcoin-first approach. The organization plans to collect 1,000 BTC to become its corporate treasury, a target it has set itself in November 2024. Such a possible increase in 5,000 BTC would make the company the major corporate Bitcoin owner along with the examples of companies such as Strategy.
Broader Context and Implications
The determination rises at a time more institutions are interested in Bitcoin as a treasury instrument. The precedents have already been established by the corporations such as Strategy, which have won significant amounts of Bitcoins, and Strategy has more than 2 percent of all Bitcoin in circulation. The fact that Genius Group proposed to tap into its litigation proceeds and invest them in cryptocurrencies is a new trend in NYSE-listed companies.
The legal and financial prowess of Genius Group is also in line with its general interest in AI, Bitcoin, and community-based modes of education. It has recently purchased Entrepreneur Resorts Ltd. and expects to be raising its revenues by 50% in 2025 and has established the Bitcoin Academy to train users about digital assets
No guarantee can be given about winning any of the two suits and the company is subject to risks associated with legal proceedings and market fluctuations. That said, the fact that the board has authorized this distribution plan sends a strong signal that it has confidence in achieving its mix of shareholder value creation both in terms of cash dividends and the strategic investments they make in Bitcoins.
The post Genius Group Eyes Bitcoin Buys Backed by Lawsuit Wins appeared first on Live Bitcoin News.
