Genius Group, an edtech firm leveraging artificial intelligence, has revealed its intention to utilize potential lawsuit winnings to enhance its Bitcoin reserves. The company plans to allocate a portion of any legal settlements to its shareholders, as outlined in a recent board statement. Genius Group is pursuing over $1 billion in damages through two lawsuits, including one under the RICO Act seeking more than $750 million. CEO Roger Hamilton anticipates recovering at least $262 million, with expectations for this amount to rise through 2024 and 2025. The board has approved a 50/50 split of any successful legal proceeds, directing half to shareholders as a special dividend and the other half to bolster the company's Bitcoin treasury. At current Bitcoin prices, this could enable the purchase of 5,000 BTC. The firm aims to reach a target of 1,000 BTC in its treasury, viewing Bitcoin as a long-term investment and a hedge against inflation, while emphasizing that lawsuit outcomes remain uncertain. Read more AI-generated news on: https://app.chaingpt.org/news

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