Yigit Taha OZTURK 
Artificial intelligence-powered edtech firm Genius Group has announced plans to share the proceeds from its billion-dollar lawsuits with shareholders and use the remaining funds to significantly boost its Bitcoin (BTC) holdings.
$7 Dividend and 5,000 BTC if Lawsuits Are Won
On Thursday, Genius Group’s board approved a distribution plan in case of successful outcomes from two major lawsuits. One of them, a RICO lawsuit against LZGI International, seeks $750 million in damages. The other is yet to be filed.
You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!
CEO Roger Hamilton stated that the company expects to claim at least $262 million based on 2023 data, which is likely to rise after including figures from 2024 and 2025.
“The Board believes that 100% of any proceeds from these cases should benefit shareholders.” said Hamilton.
If both lawsuits are won, half of the proceeds will be distributed to shareholders via a special dividend of $7 per share, and the other half will be used to buy approximately 5,000 BTC, based on current market prices.
Ongoing BTC Accumulation Strategy
On June 17, Genius Group had already increased its BTC reserves by over 50%, aiming to eventually hold 1,000 Bitcoin. The company had previously faced a temporary ban from raising funds for BTC acquisitions, which has now been lifted.
Legal Outcomes Uncertain
While the plan signals strong support for digital asset adoption, Genius Group emphasized that lawsuit outcomes and resulting payouts are not guaranteed.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.