Genius Group, an edtech company with a growing interest in Bitcoin, has revealed a bold plan to split potential winnings from two major lawsuits between its shareholders and its crypto treasury.
The company, led by CEO Roger Hamilton, is pursuing over $1 billion in combined damages, including a $750 million RICO case against LZGI International. A second lawsuit is expected soon, with the firm estimating it could claim at least $262 million—likely more once updated for 2024 and 2025.
If the legal efforts succeed, half of the awarded funds will go to shareholders in the form of a special dividend. The other half would be used to buy Bitcoin, adding up to 5,000 BTC to Genius Group’s reserves at today’s prices—an amount worth over $500 million.
According to Hamilton, the plan is designed to directly benefit shareholders and strengthen the company’s digital asset strategy. However, he cautioned there’s no guarantee of a payout.
The move follows a recent crypto buying spree by the company, which increased its Bitcoin holdings by over 50% in mid-June. Genius Group ultimately aims to hold 1,000 BTC in its corporate treasury.
Despite regulatory roadblocks earlier this year that temporarily paused share sales and crypto purchases, the firm has since resumed activity and is positioning itself as a hybrid between edtech and digital finance.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is passionate about questions of meaning. He is a fluent German speaker as well as He has been in the crypto space for more than three years and has an eye for spotting emerging trends in the world of digital currencies. Whether providing in-depth analysis or reporting on all topics on a daily basis, his deep understanding and enthusiasm for what he does makes him a valuable addition to the team.
Source: https://coindoo.com/genius-group-plans-bitcoin-treasury-expansion-if-legal-battle-pays-off/